Carly Holdings Reports Revenue Growth Amidst Losses

Carly Holdings Limited (AU:CL8) has released an update.

Carly Holdings Limited reported a significant revenue increase of 71% to $3.6 million for the financial year ending June 30, 2024, despite a 33% rise in net loss to ($4.2 million) and no dividends issued. The company’s Net Tangible Assets per share also dropped to ($0.0125), reflecting capital raising and increased debt from new vehicle acquisitions. The final accounts are still under audit, with concerns regarding the company’s continued viability as a going concern.

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