Close the Loop Ltd. Sees Strong Revenue Growth

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.

For further insights into AU:CLG stock, check out TipRanks’ Stock Analysis page.