Ashley Services Group Faces Profit Decline

Ashley Services Group Ltd. (AU:ASH) has released an update.

Ashley Services Group Ltd reported a modest rise in revenue by 1.3% to $556,538,000 for the fiscal year 2024, contrasted by a significant decline in profit after tax, which plummeted by 88.2% to $1,350,000. Shareholders saw a corresponding decrease in profit attributed to them, down 87.5%. Despite these stark profit losses, the company maintained a steady number of shares issued and reported a slight increase in net tangible assets per share from the previous year.

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