Close the Loop Ltd. (AU:CLG) has released an update.
Close the Loop Ltd. reported a significant revenue increase of 57% to $212,962,000 for the fiscal year ended June 30, 2024, alongside an 8.8% rise in net profit to $11,166,000, attributed to its acquisition of ISP Tek Services and organic growth. However, the company did not pay out dividends and indicated a decrease in profits from continuing operations due to amortization of intangible assets. Despite these factors, the net profit after tax and adjustments showed an 87% increase to $25,895,000.
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