APM Reports Major Profit Decline Despite Revenue Gain

APM Human Services International Limited (AU:APM) has released an update.

APM Human Services International Limited reported a significant drop in profits, with a total loss of $219.5 million for the fiscal year ending June 30, 2024, a stark contrast to the previous year’s profit of $108.7 million. Despite a revenue increase of 21.2%, the company faced a substantial decline in net profit after tax before amortisation, down by 205.1%. No dividends were declared for the period, and the company made an acquisition of Ergoworks, expanding its business operations.

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