Income Asset Management’s Year of Growing Losses

Income Asset Management Group Limited (AU:IAM) has released an update.

Income Asset Management Group Limited reported a minimal 1% increase in revenues for the fiscal year ended June 30, 2024, but a substantial rise in losses, with a 124% surge in post-tax losses attributable to members. The company also saw a significant decline in net tangible asset backing per security, turning negative from the previous year. No dividends were declared or paid during the period, reflecting the Group’s financial challenges.

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