Eumundi Group Reports Soaring Annual Profits

Eumundi Group Limited (AU:EBG) has released an update.

Eumundi Group Limited, a Queensland-based hotel and investment property company, has reported a significant increase in net profit after tax, totaling $3.621 million for FY24, which is a 145% rise from the previous year. The earnings per share have more than doubled to 7.71 cents, with a net asset backing of $1.39 per share. This fiscal year’s performance reflects a positive turnaround with a notable fair value gain on property revaluations, in contrast to the previous year’s fair value diminution.

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