Avada Group Limited (AU:AVD) has released an update.
AVADA Group Limited reported a robust financial performance for FY24, with a significant revenue increase of 15.6% to $204.54m and an impressive turnaround in net profit, boasting a profit of $1.46m following a loss in FY23. The company attributes its success to operational streamlining, the launch of its national brand AVADA Traffic, and securing major contracts, positioning itself as a market leader in traffic management services. Looking ahead, AVADA is set for further growth, focusing on acquisitions and leveraging industry demand, despite short-term market challenges.
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