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Finexia Financial Group Reports Revenue Growth but Faces Net Loss

Story Highlights
  • Finexia Financial Group reported a 32% revenue increase but a net loss of $47,400.
  • The company gained control of Finexia Childcare W1 Pty Ltd, indicating strategic expansion.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Finexia Financial Group Reports Revenue Growth but Faces Net Loss

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Finexia Financial Group Ltd ( (AU:FNX) ) has issued an update.

Finexia Financial Group Ltd reported a 32% increase in revenue for the half-year ending December 2024 compared to the previous period. However, the company experienced a net loss of $47,400, a significant decline from a profit of $153,042 in the previous year. The earnings per share also dropped from 0.32 cents to a loss of 0.08 cents. No interim dividend was declared for the current period, contrasting with a 0.5 cent dividend in the previous period. Additionally, Finexia gained control over Finexia Childcare W1 Pty Ltd during this reporting period, indicating a strategic expansion in its operations.

More about Finexia Financial Group Ltd

Finexia Financial Group Ltd operates in the financial services industry, offering a range of financial products and services. The company focuses on delivering financial solutions and investment opportunities, catering to various market segments.

YTD Price Performance: -1.79%

Average Trading Volume: 34,878

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$17.13M

See more insights into FNX stock on TipRanks’ Stock Analysis page.

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