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Latitude Group Holdings Ltd. ( (AU:LFS) ) just unveiled an update.
Latitude Group Holdings Limited has reported a significant turnaround in its financial performance for the year ending December 2024. The company posted a net profit of $21.6 million, up from a loss of $159.1 million in the previous year. Revenue increased by 11.4% to $1,115.2 million, and profit from ordinary activities after tax attributable to members rose by 129.8% to $30.6 million. The improvement is attributed to a 139% rise in Cash Net Profit After Tax (Cash NPAT) from continuing operations. Additionally, the company has announced a final dividend of 3 cents per share and the reactivation of its Dividend Reinvestment Plan, reflecting a positive outlook for stakeholders.
More about Latitude Group Holdings Ltd.
Latitude Group Holdings Limited operates in the financial services industry, providing a range of consumer finance products and services. The company focuses on offering personal loans, credit cards, and insurance solutions to a diverse customer base, primarily in the Australian and New Zealand markets.
Average Trading Volume: 54,506
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$1.2B
See more insights into LFS stock on TipRanks’ Stock Analysis page.
