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iCandy Interactive Reports Financial Turnaround Amid Revenue Decline

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iCandy Interactive Reports Financial Turnaround Amid Revenue Decline

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The latest update is out from iCandy Interactive Ltd ( (AU:ICI) ).

iCandy Interactive Ltd reported a 3% decrease in revenue for the year ending December 31, 2024, totaling $25,369,775. Despite the revenue drop, the company achieved a net profit of $381,564, a significant turnaround from the previous year’s loss of $13,180,640. This improvement is reflected in the profit per share, which rose to 0.029 cents from a loss of 1.01 cents last year. The company’s adjusted EBITDA also showed a substantial increase, indicating improved operational efficiency and financial health.

More about iCandy Interactive Ltd

iCandy Interactive Ltd operates in the digital entertainment industry, focusing on the development and publishing of mobile games and digital content. The company targets a global market with its interactive and engaging gaming products.

YTD Price Performance: -5.00%

Average Trading Volume: 578,828

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$24.33M

Learn more about ICI stock on TipRanks’ Stock Analysis page.

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