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London City Equities Ltd ( (AU:LCE) ) has shared an announcement.
London City Equities Limited reported a decrease in revenue from ordinary activities for the six months ending December 2024 compared to the same period in 2023, with figures dropping from $779,166 to $716,215. Despite this decline, the company saw a significant 57% increase in net profit attributable to members, rising from $186,481 to $293,632. The company also paid fully franked dividends, totaling $469,565, and noted that its Dividend Reinvestment Plan was suspended during this period. This financial performance indicates a strengthening in profitability despite reduced revenue, potentially enhancing stakeholder confidence.
More about London City Equities Ltd
London City Equities Limited is an Australian owned company, incorporated in 1986.
YTD Price Performance: 4.82%
Average Trading Volume: 896
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.23M
Find detailed analytics on LCE stock on TipRanks’ Stock Analysis page.