IDT Australia Posts Revenue Surge and Lower Losses

IDT Australia Limited (AU:IDT) has released an update.

IDT Australia Limited has reported a significant revenue increase of 100.8% to $14.121 million, alongside a reduced net loss of 36.3% to $5.413 million for the fiscal year ended 30 June 2024. Despite this improvement, the company did not declare dividends and reported a slight decrease in net tangible assets per security from the previous year. The annual general meeting is scheduled for 19 November 2024, with an unmodified audit opinion issued for the financial statements.

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