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Thorney Opportunities Ltd Reports Sharp Decline in Half-Year Profits

Story Highlights
  • Thorney Opportunities Ltd saw a 95% decrease in profit before tax for the half-year ending December 2024.
  • The company announced a 1.10 cents per share interim dividend, excluding the dividend reinvestment plan.
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Thorney Opportunities Ltd Reports Sharp Decline in Half-Year Profits

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An announcement from Thorney Opportunities Ltd. ( (AU:TOP) ) is now available.

Thorney Opportunities Ltd has reported a significant decline in its financial performance for the half-year ended 31 December 2024, with a 95% drop in profit before tax compared to the previous year. The company announced an interim dividend of 1.10 cents per share, maintaining its commitment to shareholder returns despite the downturn. The dividend reinvestment plan will not apply to the 2025 interim dividend, reflecting the challenging market conditions and the company’s strategic financial adjustments.

More about Thorney Opportunities Ltd.

Thorney Opportunities Ltd operates in the investment industry, focusing on generating value through strategic investment decisions. The company primarily engages in managing a diverse portfolio of investment opportunities to maximize shareholder returns.

Technical Sentiment Consensus Rating: Sell

See more insights into TOP stock on TipRanks’ Stock Analysis page.

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