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The latest update is out from Superloop Ltd. ( (AU:SLC) ).
Superloop Limited reported a significant 33.3% increase in revenue for the half-year ending December 31, 2024, reaching $257.5 million, largely driven by organic growth and the integration of Origin broadband customers. Despite reporting a net loss of $7.8 million, this marks an improvement from the previous year’s $18.7 million loss, attributed to better gross margins and tax benefits, while no dividends were declared for the period.
More about Superloop Ltd.
Superloop Limited operates in the telecommunications industry, providing internet infrastructure services. The company focuses on consumer and wholesale segments, with a notable emphasis on broadband services.
YTD Price Performance: -1.56%
Average Trading Volume: 480
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €662.5M
Learn more about SLC stock on TipRanks’ Stock Analysis page.
