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Megaport Ltd. ( (AU:MP1) ) just unveiled an update.
Megaport Ltd. reported its financial results for the half-year ending December 31, 2024, revealing a 12% increase in revenue from ordinary activities compared to the previous year. Despite the revenue growth, the company experienced an 80% decline in net profit after tax, attributed to increased costs impacting EBITDA, which decreased by 9%. No dividends were declared for this period, and the net tangible asset backing per share rose to 78.91 cents from 58.93 cents. The financial report was reviewed by Deloitte Touche Tohmatsu, and no significant changes in control of entities were reported.
More about Megaport Ltd.
Megaport Ltd. operates in the technology industry, focusing on providing network services and cloud connectivity solutions. The company is known for its innovative approach to enabling businesses to manage and scale their networks efficiently, catering to a global market.
YTD Price Performance: 14.34%
Average Trading Volume: 691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $956.6M
For an in-depth examination of MP1 stock, go to TipRanks’ Stock Analysis page.
