Pengana Capital Group Ltd. (AU:PCG) has released an update.
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Pengana Capital Group reported a $4.3 million loss for the financial year but remains optimistic about future profitability due to strategic repositioning in global private credit solutions. The company declared dividends despite the loss, highlighting strong cash reserves and confidence in future growth. Additionally, a significant loan repayment boosted Pengana’s cash reserves, and the company plans to increase its buy-back capacity.
For further insights into AU:PCG stock, check out TipRanks’ Stock Analysis page.
