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An update from Ignite Limited ( (AU:IGN) ) is now available.
IGNITE Limited, a company listed on the ASX, reported its financial results for the first half of the fiscal year 2025, showing a statutory profit of $615,000, marking a significant 189% increase. Despite a 7% drop in revenue to $46.8 million, the company improved its gross profit margin to 12.6% and increased EBITDA by 45%. IGNITE’s strong financial performance allowed it to declare an interim dividend of $0.035 per share, underlining its strategic focus on enhancing productivity and performance. The company holds $3.5 million in cash with no debt, positioning it well for continued profit improvements.
More about Ignite Limited
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8M
For an in-depth examination of IGN stock, go to TipRanks’ Stock Analysis page.