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Elanor Investors Group ( (AU:ENN) ) has shared an update.
Elanor Investors Group reported a 2.1% increase in revenue from ordinary activities to $142.1 million for the year ended June 30, 2024, but faced a significant loss of $157.8 million attributable to security holders, marking a 414.6% increase from the previous year. The company announced no final distribution for the period, reflecting a challenging financial year, with a notable decrease in net tangible asset backing per security. The sale of a 25% equity investment in 1834 Hospitality and the emphasis on the group’s ability to continue as a going concern highlight the company’s current strategic adjustments and financial challenges.
More about Elanor Investors Group
Elanor Investors Group is a stapled entity comprising Elanor Investors Limited and Elanor Funds Management Limited, focusing on investment management. The company is involved in various sectors, including property and hospitality, with investments in multiple funds and syndicates, such as the Elanor Property Income Fund and Elanor Commercial Property Fund.
Technical Sentiment Signal: Sell
Current Market Cap: A$121.7M
For a thorough assessment of ENN stock, go to TipRanks’ Stock Analysis page.