Adore Beauty Group Ltd. (AU:ABY) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Adore Beauty Group Limited has reported a significant turnaround with profits after tax soaring by 489% to $2.175 million for the fiscal year ending June 2024, up from a previous loss, while revenues increased by 7% to $195.7 million. The growth has been attributed to a rise in active customers and a record number of returning customers. Despite this strong performance, the company has not declared any dividends for the year.
For further insights into AU:ABY stock, check out TipRanks’ Stock Analysis page.