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Sports Entertainment Group Limited ( (AU:SEG) ) has shared an announcement.
Sports Entertainment Group Limited reported a significant financial turnaround for the half-year ended December 2024, achieving a statutory profit after tax of $29.2 million and an underlying EBITDA growth of 33.1% to $5 million. The company’s financial position improved notably, transitioning to a net cash positive status from a previous net debt, primarily due to the sale of the Perth Wildcats and other strategic divestments. This improved balance sheet enabled the declaration of a special dividend to shareholders. SEG’s outlook remains positive as it aims to leverage its asset suite for media consolidation opportunities.
More about Sports Entertainment Group Limited
Sports Entertainment Group Limited operates in the media and entertainment industry, focusing on providing sports-related content and services. The company is involved in media consolidation and has divested certain assets, such as the Perth Wildcats, to enhance its financial standing.
Average Trading Volume: 13,205
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$55.49M
Find detailed analytics on SEG stock on TipRanks’ Stock Analysis page.
