Ignite Limited (AU:IGN) has released an update.
Ignite Limited has reported a turnaround to a profit of $616k in FY2024 from a loss of $1.549 million in the previous year, despite a 9.3% drop in revenue. The company’s focus on operational efficiency is evident through reduced employee benefits expenses and improved gross profit margins. Strong cash position highlighted by an increase in cash and cash equivalents to $4.101 million, largely due to successful operating activities and an entitlement offer.
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