Latitude Group Holdings Ltd. (AU:LFS) has released an update.
Latitude Group Holdings Ltd. faced significant challenges in 2023, including a cyber-attack and macro-economic headwinds that impacted profitability and lending activities. Despite a statutory loss of $138 million, the company reported a strong balance sheet, with a Tangible Equity Ratio of 6.8%. Heading into 2024, Latitude has seen an upturn in new loan volumes and growth in its Money and Pay divisions, backed by strategic shifts and new partnerships.
For further insights into AU:LFS stock, check out TipRanks’ Stock Analysis page.
