tiprankstipranks

NGE Capital Reports Decline in 2024 Financial Performance

Story Highlights
NGE Capital Reports Decline in 2024 Financial Performance

The latest announcement is out from NGE Capital Ltd ( (AU:NGE) ).

NGE Capital Limited reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue from ordinary activities decreasing by 44.12% and profit after tax dropping by 45.49% compared to the previous year. Despite the downturn in revenue and profit, the company saw an 11% increase in net tangible asset backing per ordinary share before tax. No dividends were paid or planned for the year, indicating a cautious approach in financial management.

More about NGE Capital Ltd

YTD Price Performance: 0.75%

Average Trading Volume: 1,100

Technical Sentiment Consensus Rating: Sell

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App