Temple & Webster Group Ltd (AU:TPW) has released an update.
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Temple & Webster Group Ltd reported a revenue increase to $497.8 million, up 25.9% for the financial year ended June 30, 2024, but a significant drop in profit before tax, down 46.9% to $6.4 million due to a strategic reinvestment to spur growth. The company achieved an EBITDA of $13.1 million, consistent with the top-end guidance despite one-off costs including a write-down of their investment in Renovai, Inc. No dividends were paid or declared during the year, and the net tangible assets per share increased slightly.
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