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LGI Limited Reports Revenue Growth Amidst Profit Decline in H1 2024

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LGI Limited Reports Revenue Growth Amidst Profit Decline in H1 2024

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LGI LTD ( (AU:LGI) ) has issued an update.

LGI Limited’s half-year financial report for the period ending December 31, 2024, reveals a 6.7% increase in revenue from ordinary activities, reaching $16.911 million compared to the previous year. Despite a 3.0% rise in statutory EBITDA to $7.26 million, the company experienced a 22.2% decrease in statutory profit before income tax, down to $3.223 million. The interim dividend remains consistent with the previous year at 1.2 cents per share, indicating stable shareholder returns amidst fluctuating profits.

More about LGI LTD

LGI Limited operates within the financial sector, focusing on providing financial services and products. The company is involved in revenue-generating activities and is engaged in efforts to maintain and enhance its market presence.

YTD Price Performance: 0.67%

Average Trading Volume: 26,749

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$266.4M

For a thorough assessment of LGI stock, go to TipRanks’ Stock Analysis page.

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