Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Insignia Financial Ltd ( (AU:IFL) ) has shared an update.
Insignia Financial Ltd has reported a 20.5% decrease in total revenue to $778.9 million, with a 66.3% increase in loss from ordinary activities after tax, amounting to $16.8 million. Despite the revenue decline, the underlying net profit after tax rose by 30.2% to $124.3 million, reflecting adjustments for non-operational items. The company has decided not to declare any dividends for the current reporting period, and it experienced a reduction in net tangible assets per share. Significant changes include the divestment of a majority interest in Rhombus Advisory Pty Ltd and its subsidiaries, impacting the company’s control over these entities.
More about Insignia Financial Ltd
Insignia Financial Ltd operates in the financial services industry, focusing on wealth management, investment services, and financial advisory solutions. The company has recently divested a significant portion of its interest in certain advisory subsidiaries.
YTD Price Performance: 34.86%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.97B
Find detailed analytics on IFL stock on TipRanks’ Stock Analysis page.
