An update from Ignite Limited ( (AU:IGN) ) is now available.
Ignite Limited reported a revenue decline of 6.9% to $46.8 million for the half-year ending December 31, 2024. Despite the drop in revenue, the company achieved a significant increase in profit after tax, growing by 188.7% to $615,000, attributed to improved margin mix and cost efficiencies. The company is focused on enhancing operating cash flow and continues to streamline its operations with a reduced headcount and decreased other expenses.
More about Ignite Limited
Ignite Limited operates in the recruitment industry, specializing in providing specialist recruitment services. Their primary focus is on contingent labor and permanent recruitment, positioning themselves as a key player in the market for staffing solutions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8M
See more insights into IGN stock on TipRanks’ Stock Analysis page.