N1 Holdings Ltd. (AU:N1H) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
N1 Holdings Ltd. reported strong financial performance with record SME property-backed lending growth in Q4 FY24, marking a 30.58% revenue increase compared to the prior year. The company’s loan book metrics remain robust, reflecting effective risk management and a focus on improving operational efficiency. Additionally, cash reserves are healthy at $13.532 million, underpinning a solid foundation for future business activities and lending capacity expansion.
For further insights into AU:N1H stock, check out TipRanks’ Stock Analysis page.