Beforepay Group Limited (AU:B4P) has released an update.
Beforepay Group Limited reported a significant turnaround with revenues increasing by 15% to over $35 million and net profit after tax surging to $3.86 million for the fiscal year ended June 30, 2024, recovering from a previous loss of $6.63 million. The company’s net tangible assets per share also saw a slight increase from $0.58 to $0.62. During this period, Beforepay did not declare any dividends and expanded its portfolio by registering a new wholly-owned subsidiary, BPG Credit Pty Ltd.
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