Megaport Ltd. (AU:MP1) has released an update.
Megaport Ltd. reports a significant turnaround with a net profit of $9.6 million for the fiscal year ending June 30, 2024, compared to a loss in the previous year, alongside a robust 28% increase in revenue. The company also saw a substantial growth in net tangible asset backing per share, although no dividends have been proposed or declared for the year. Additionally, Megaport liquidated its control of Eastern Voice Link EOOD during this period.
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