Income Asset Management Group Limited (AU:IAM) has released an update.
Income Asset Management Group Limited (IAM) reported a 5% increase in operating revenue to $3.9 million in Q3 FY2024, boosted by primary capital markets activity and new custody and loan trustee fees. The company saw significant year-over-year growth in client numbers and Assets under Administration (AuA), reaching 1,953 clients and $3.41 billion in AuA. IAM is optimistic about Q4, citing a strong pipeline and recent cost-saving measures, despite not having forecasted future performance.
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