Academies Australasia Group Limited (AU:AKG) has released an update.
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Academies Australasia Group Limited faced a challenging fiscal year in 2024 with negligible growth and a pre-tax loss of $2.61 million. However, the company reported an encouraging start to FY25 with a significant improvement in revenue and profit, despite regulatory challenges in the education sector. The board is considering raising additional equity capital to address upcoming loan repayments.
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