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Adore Beauty Group Ltd. ( (AU:ABY) ) just unveiled an announcement.
Adore Beauty Group Limited reported a revenue increase of 2.3% to $102.9 million for the half-year ending December 2024, but experienced a significant 36.6% decline in post-tax profit to $628,000. The decrease in profit was largely attributed to $2.24 million in one-off acquisition and restructuring costs. Despite the profit drop, the company’s normalised EBIT stood at $2.79 million, with a margin of 2.7%, indicating underlying business performance. Adore Beauty did not declare any dividends for the period and gained control over iKOU Holdings Pty Ltd in July 2024.
More about Adore Beauty Group Ltd.
Adore Beauty Group Limited operates in the beauty industry, offering a range of beauty and personal care products. The company is focused on the online retail market, providing a diverse selection of cosmetics, skincare, and related products to consumers.
YTD Price Performance: -10.22%
Average Trading Volume: 47,685
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$78.45M
Find detailed analytics on ABY stock on TipRanks’ Stock Analysis page.
