RF Capital Group ( (TSE:RCG) ) has issued an update.
RF Capital Group reported a 5% increase in revenue for fiscal 2024, reaching $369.3 million, primarily driven by a 12% growth in assets under administration (AUA). Despite a decline in interest revenue, the company saw a significant rise in fee revenue, which helped offset increased operating expenses. The company’s net income improved from a loss to a profit, and free cash flow turned positive, indicating improved financial health. However, adjusted EBITDA decreased by 4% due to higher operating expenses. The company’s performance reflects strong equity markets and successful recruitment efforts, although advisor attrition remains a challenge.
More about RF Capital Group
RF Capital Group Inc. operates in the wealth management industry, focusing on administering client assets. The company is involved in managing assets under administration (AUA), which represents the market value of client assets they oversee.
YTD Price Performance: 36.02%
Average Trading Volume: 2,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $105.4M
See more data about RCG stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com