Income Asset Management Group Limited (AU:IAM) has released an update.
Income Asset Management Group Limited reports a 4% increase in operating revenue to $4.01m for the fourth quarter of FY2024, with substantial year-on-year growth in both client numbers and funds under advice/management reaching $3.69bn. The company has also seen a boost in its trading activity, specifically in the secondary trading of bonds and loans, which aligns with their strategic expansion into the loan market. Despite a one-off expense for staffing and incentives restructure, IAM shows a strong cash position at $4.7m and continues to leverage partnerships to enhance distribution.
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