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NSX Limited Reports Financial Decline and Divestment of Joint Venture

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NSX Limited Reports Financial Decline and Divestment of Joint Venture

NSX Limited ( (AU:NSX) ) has issued an update.

NSX Limited reported a significant decline in its financial performance for the half-year ended December 31, 2024. The company’s revenues from ordinary activities fell by 18%, and it experienced a substantial loss from ordinary activities after tax attributable to its owners, with no dividends declared for the current or previous period. The company’s joint venture with ClearPay Pty Ltd was divested on December 17, 2024, and the financial statements revealed a material uncertainty regarding the company’s ability to continue as a going concern.

More about NSX Limited

NSX Limited operates in the financial industry, focusing primarily on securities exchange services. The company is involved in providing a platform for trading and listing securities, catering to various market participants and stakeholders in the financial market.

YTD Price Performance: -15.00%

Average Trading Volume: 84,693

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$7.78M

Learn more about NSX stock on TipRanks’ Stock Analysis page.

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