An announcement from Frontier Digital Ventures Ltd. ( (AU:FDV) ) is now available.
Frontier Digital Ventures Limited reported a slight increase in statutory revenue for the year ended December 31, 2024, with a 2% rise to A$68.1 million, driven by growth in FDV Asia and 360 LATAM. However, the company faced a significant decline in EBITDA, dropping by 52% to A$1.8 million, and an increased net loss after tax attributable to members by 19% to A$10.3 million. The financial performance was impacted by foreign exchange losses and increased operating expenses, with no dividends proposed for the period. The company’s Annual General Meeting is scheduled for May 2025, with details to be announced later.
More about Frontier Digital Ventures Ltd.
Frontier Digital Ventures Limited operates in the digital marketplace industry, focusing on developing and investing in online classifieds businesses. The company primarily targets emerging markets, aiming to leverage the growth potential in these regions by providing platforms for real estate, automotive, and general classifieds.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $113.5M
See more data about FDV stock on TipRanks’ Stock Analysis page.