Latitude Group Holdings Ltd. (AU:LFS) has released an update.
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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.
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