Novatti Group Ltd. (AU:NOV) has released an update.
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Novatti Group Ltd. has seen a recent uptick in trading activity, which the company attributes to the successful implementation of its strategy, leading to improved financial performance. This includes a 10% rise in revenue, a 19% cut in operating expenses, and a 16% boost in underlying EBITDA, as per their unaudited FY24 results. Additionally, the company is on track to achieve positive operating cash flow by the end of the first half of FY25, signaling continued financial progress.
For further insights into AU:NOV stock, check out TipRanks’ Stock Analysis page.
