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The latest announcement is out from Finexia Financial Group Ltd ( (AU:FNX) ).
Finexia Financial Group Limited announced a restatement of its FY24 accounts due to an under-accrual of interest and operating expenses, which has been corrected in the financial statements. The company also revised the valuation of its investment in the Stay Company Income Fund, resulting in a write-down of $4,013,463, reflecting a fair and reasonable assessment of asset value. These actions underscore Finexia’s commitment to transparency and governance.
More about Finexia Financial Group Ltd
Finexia Financial Group Limited operates in the financial industry, providing investment and financial services. The company focuses on offering sophisticated investors opportunities, such as its direct investment in the Stay Company Income Fund, which targets accommodation businesses in key Queensland markets.
Average Trading Volume: 122,212
Technical Sentiment Signal: Sell
Current Market Cap: A$9.03M
For detailed information about FNX stock, go to TipRanks’ Stock Analysis page.