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The latest update is out from SelfWealth Ltd. ( (AU:SWF) ).
SelfWealth Ltd announced its half-year financial results, showing a 4% increase in revenue and continued profitability despite a competitive market. The company reported significant growth in trading revenue, up by 27%, and funds under administration, which increased by 15% to $11.6 billion. During this period, SelfWealth entered into a scheme implementation deed with Bell Financial Group, which the board deems advantageous for shareholders and stakeholders. The company is focused on transforming its operations to prioritize customer service and operational efficiency, despite an increase in operating expenses due to its transformation program.
More about SelfWealth Ltd.
SelfWealth Ltd is a leading Australian fixed-fee, low-cost broker that provides brokerage services. The company focuses on offering low-cost trading solutions to its clients while transitioning from a technology-based business to a customer-led growth business, characterized by superior customer service and improved trading platform functionalities.
YTD Price Performance: 0.0%
Average Trading Volume: 1,253,335
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$55.38M
Find detailed analytics on SWF stock on TipRanks’ Stock Analysis page.
