Pacific Current Group Ltd ( (AU:PAC) ) just unveiled an announcement.
Pacific Current Group Limited reported a significant increase in statutory net profit after tax to A$100.3 million for the six months ended December 31, 2024, driven by gains from asset sales and fair value uplifts. The company is executing a substantial share buy-back program and has completed several key portfolio transactions, including the sale of interests in Carlisle and Victory Park Capital, which have strengthened its liquidity position. Despite lower boutique contributions due to asset sales, the company has maintained its dividend and improved its cash balance, positioning itself for future growth.
More about Pacific Current Group Ltd
Pacific Current Group Limited is a company operating in the financial services industry, focusing on asset management and investment services. The company is involved in managing a diverse portfolio of financial assets and investments, with a market focus on enhancing shareholder value through strategic asset sales and capital management initiatives.
YTD Price Performance: 3.89%
Average Trading Volume: 3,997
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $397.4M
Learn more about PAC stock on TipRanks’ Stock Analysis page.