Income Asset Management Group Limited (AU:IAM) has released an update.
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Income Asset Management Group Limited (ASX:IAM) reported a robust growth in operating revenue, reaching $4 million for Q1 FY2025, marking a 93% increase year-on-year. The company also announced an $18 million equity raising to repay outstanding notes and bolster working capital. Despite a decline in cash holdings, IAM’s client base and trading activities have shown significant growth, positioning the company for future financial stability.
For further insights into AU:IAM stock, check out TipRanks’ Stock Analysis page.
