tiprankstipranks
Trending News
More News >

COG Financial Services Reports Mixed Half-Year Results with Revenue Growth but Declining Profits

Story Highlights
COG Financial Services Reports Mixed Half-Year Results with Revenue Growth but Declining Profits

COG Financial Services Limited ( (AU:COG) ) has issued an update.

COG Financial Services Limited reported its half-year financial results for the period ending December 31, 2024. The company experienced a 7% increase in revenue from continuing operations compared to the previous year, reaching $252.98 million. However, net profit from continuing operations decreased by 9% to $13.6 million. The earnings per share also saw a decline, and the interim dividend was reduced to 3.0 cents per share. These results indicate a mixed performance, with revenue growth but a decline in profitability, which may impact investor sentiment and company strategy moving forward.

More about COG Financial Services Limited

COG Financial Services Limited operates in the financial services industry, focusing on providing a range of financial products and services. The company is involved in offering financial solutions and services to its clients, with a market focus on enhancing its financial operations and stakeholder value.

YTD Price Performance: 4.59%

Average Trading Volume: 123,245

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$206.9M

For an in-depth examination of COG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App