Sports Entertainment Group Limited (AU:SEG) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sports Entertainment Group Limited reported a strong financial performance for the March 2024 quarter, with a 24% increase in revenue from continuing operations, reaching $31.0 million, and net cash inflows of $2.9 million. The company also highlighted the successful sale of its New Zealand digital and audio businesses, investments in SEN Teams, and an improvement in group cash to approximately $11 million. Additionally, SEG is progressing on debt repayment, committing to pay $7.1 million by the end of July 2024, which will bring its debt down to $20 million.
For further insights into AU:SEG stock, check out TipRanks’ Stock Analysis page.