Contango Asset Management Ltd. (AU:APL) has released an update.
Associate Global Partners Limited reported a 9.8% increase in revenue to $6,216,000 for the fiscal year ending 30 June 2024, while successfully reducing its net loss by 59.8% to $798,000. The company did not propose any dividends for the period, reflecting a cautious approach during the recovery phase. Their net tangible asset backing per share also saw a rise from 2.3 cents to 3.0 cents, indicating a strengthening of the company’s financial position.
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