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Coventry Group Limited Reports Half-Year Financials with Reinstated Dividend Plan

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Coventry Group Limited Reports Half-Year Financials with Reinstated Dividend Plan

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Coventry Group Limited ( (AU:CYG) ) just unveiled an announcement.

Coventry Group Limited reported a slight decrease in revenue from ordinary operations, falling by 0.5% to $184.7 million for the half year ending December 31, 2024, compared to the previous period. Despite this, the underlying EBITDA saw a marginal increase of 1.0% to $9.9 million. The company incurred a net loss of $0.7 million, marking a 75% increase in losses attributable to members. No interim dividends were declared for this half-year, but a final dividend of $4.4 million was paid for the previous financial year. The company’s Dividend Reinvestment Plan has been reinstated, signaling a strategic move to bolster its financial positioning.

More about Coventry Group Limited

YTD Price Performance: -17.07%

Average Trading Volume: 65,077

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$121.7M

Find detailed analytics on CYG stock on TipRanks’ Stock Analysis page.

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