Rf Capital Group Inc. (TSE:RCG) has released an update.
RF Capital Group Inc. has reported a promising start to 2024 with a 2% increase in revenue to $89.4 million, underpinned by a 3% rise in Assets Under Administration (AUA) to $37.0 billion, largely thanks to robust equity markets. The company has also seen an uptick in profitability, with Adjusted EBITDA climbing 4% to $13.5 million, and has improved its net loss position, signaling the completion of its transformation journey. Cash flow from operations has seen a significant turn, with free cash flow jumping up by $10.2 million to $3.9 million.
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