Insignia Financial Ltd (AU:IFL) has released an update.
Insignia Financial Ltd has addressed the ASX’s queries regarding the unexpected drop in their stock price, confirming that the financial results for FY 2024 were in line with market expectations. The company had previously issued earnings guidance and updates throughout the year, ultimately achieving an Underlying Net Profit After Tax (UNPAT) within the forecasted range. Despite fluctuations in stock value, Insignia Financial’s UNPAT of $216.6 million fell squarely within the projected $212-218 million range.
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