Finexia Financial Reports Major Profit Decline

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

Finexia Financial Group Ltd has reported a significant decrease in its annual net profit after tax, dropping to $70,490 in 2024 from $3.2 million the previous year, with net profit before tax similarly declining to $217,984 from $4.3 million. Despite this downturn, the company declared a fully franked dividend of 0.5 cents per share. Earnings per share also fell sharply to 0.14 cents, down from 8.00 cents in 2023.

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