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Elanor Investors Group ( (AU:ENN) ) just unveiled an announcement.
Elanor Investors Group reported a weaker first half to 31 December 2024, with revenue from ordinary activities down 7.5% to $66.9 million and a loss after tax of $12.7 million attributable to security holders. Core earnings swung to a loss of $4.4 million, representing a 152.9% deterioration from the prior corresponding period, reflecting softer underlying operating performance.
In response to the downturn, the group declared no interim distribution for the half year, compared with 4.90 cents previously, and saw consolidated net tangible asset backing per security fall to $1.08 from $2.28. The interim accounts received an unqualified review opinion with an emphasis on the group’s ability to continue as a going concern, underscoring heightened balance sheet and earnings pressure for investors despite no changes in control of subsidiaries or major associates.
More about Elanor Investors Group
Elanor Investors Group is an Australian listed investment and funds management group focused on real estate and related assets. The stapled entity comprises Elanor Investors Limited and Elanor Funds Management Limited, which acts as responsible entity for the Elanor Investment Fund, managing a portfolio of property and syndicated investment vehicles.
Technical Sentiment Signal: Sell
Current Market Cap: A$121.7M
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