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Halo Technologies Holdings Ltd ( (AU:HAL) ) has issued an announcement.
Halo Technologies has reported a strong growth in operating revenue, driven by a significant increase in brokerage revenue. The company is investing in its business to support future growth and profitability, including expanding its managed funds capabilities to increase its domestic adviser market share. The establishment of its UK subsidiary, Halo Invest, is a key priority, supported by a successful capital raise. The company is also enhancing its distribution network in Australia and developing new features for its platform, with plans to launch a new Managed Funds capability soon.
More about Halo Technologies Holdings Ltd
Halo Technologies Holdings Ltd operates in the financial technology industry, focusing on providing brokerage services and investment platforms. The company is known for its themed investment portfolios, called Vues, which offer significant returns. Halo Technologies is expanding its market presence in Australia and the UK, aiming to broaden its addressable market and enhance its platform capabilities.
Average Trading Volume: 36,379
Technical Sentiment Signal: Sell
For an in-depth examination of HAL stock, go to TipRanks’ Stock Analysis page.