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Avada Group Limited ( (AU:AVD) ) just unveiled an announcement.
Avada Group Limited reported a 10% decline in total revenue and a substantial loss for the half-year ended December 31, 2024, attributed to challenging market conditions and strategic adjustments. The company’s financial results were impacted by a reduction in the contingent consideration purchase price and impairment of intangible assets due to economic downturns in New Zealand, affecting government funding and commercial confidence.
More about Avada Group Limited
Avada Group Limited operates in the traffic management industry, focusing on providing services related to infrastructure projects and maintenance works.
Average Trading Volume: 11,887
Technical Sentiment Consensus Rating: Strong Buy
Learn more about AVD stock on TipRanks’ Stock Analysis page.