tiprankstipranks

abrdn Reports Financial Loss in 2024 Amid Asset Decline

Story Highlights
abrdn Reports Financial Loss in 2024 Amid Asset Decline

abrdn ( (GB:ABDN) ) has shared an update.

abrdn plc reported its full-year financial results for 2024, revealing a total loss of £5 million compared to a profit of £311 million in 2023. The company’s total assets decreased from £5,603 million in 2023 to £5,347 million in 2024, while total equity also fell from £4,837 million to £4,560 million. The financial results indicate a challenging year for abrdn, with significant declines in retained earnings and other reserves. These results could impact the company’s market position and stakeholder confidence as it navigates financial challenges.

More about abrdn

YTD Price Performance: 12.33%

Average Trading Volume: 3,386,426

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.83B

Find detailed analytics on ABDN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App