Contango Asset Management Ltd. (AU:APL) has released an update.
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Associate Global Partners Limited reports a favorable uptick in markets for FY2024 with total Funds Under Management reaching $1.292 billion, a 7.9% increase in investment and service fees, and a notable 59.8% reduction in net loss after tax. The company credits strategic milestones, including key acquisitions and distribution deals, for this growth. With new initiatives and a focus on diversifying products and enhancing distribution, the company is poised for future FUM growth and profitability.
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