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KneoMedia Limited Reports Improved Financial Management Amid Revenue Decline

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KneoMedia Limited Reports Improved Financial Management Amid Revenue Decline

KNeoMedia Limited ( (AU:KNM) ) has issued an announcement.

KneoMedia Limited reported a 10% decrease in total revenue from ordinary activities for the half-year ended 31 December 2024 compared to the previous period. Despite the revenue decline, the company managed to reduce its net loss by 27%, indicating improved financial management. The EBITDA also showed a significant improvement of 49%, reflecting better operational efficiency. No dividends were declared during this period, consistent with the previous reporting period.

More about KNeoMedia Limited

KneoMedia Limited operates in the education technology industry, focusing on empowering, educating, and assessing through its digital learning platforms. The company targets the education sector, offering innovative solutions to enhance learning experiences.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.91M

For an in-depth examination of KNM stock, go to TipRanks’ Stock Analysis page.

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