Generation Group Posts Record FY24 Financials

Generation Development Group Limited (AU:GDG) has released an update.

Generation Development Group has reported a robust financial performance for FY24, with a 21% increase in revenue to $48.5 million and a notable 55% surge in underlying net profit after tax to $11.2 million. The company achieved a significant 48% share of market inflows in investment bonds, while funds under management soared by 26% to reach $3.3 billion. Highlighting their success, Generation Development Group also completed the acquisition of Lonsec, contributing to an overall strong year with a final dividend payout of 1 cent per share.

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