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Webcentral Ltd ( (AU:5GN) ) has provided an announcement.
5G Networks Limited has released its Annual Report for the year ending June 30, 2025, highlighting changes to its statutory financial measures due to goodwill impairment from the AUCyber acquisition and adjustments in tax expenses. These changes have led to revisions in the Consolidated Statement of Financial Position and reclassifications in the Statement of Cash Flows, although the overall net cash position remains unaffected. The announcement underscores the company’s commitment to transparency in financial reporting, with implications for stakeholders regarding the financial health and operational adjustments of the company.
More about Webcentral Ltd
5GN is an Australian-owned digital services company that empowers over 2,500 corporate clients with a comprehensive portfolio of digital services, including Cloud, Data networks, Data centre, managed IT services, and digital marketing. The company operates a high-speed Data Network with international reach and offers managed cloud solutions and services to optimize IT and network environments, supported by extensive Data Centre capabilities across major Australian cities.
Average Trading Volume: 234,470
Technical Sentiment Signal: Sell
Current Market Cap: A$41.43M
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