Macquarie Technology Group Reports Financial Growth Amidst Dividend Absence

Macquarie Telecom Group Limited ( (AU:MAQ) ) has shared an update.

Macquarie Technology Group Limited, operating in the technology sector, reported a 1% increase in revenue and a significant 21% rise in profit after tax for the half-year ended 31 December 2024. Despite the financial growth, the company did not declare an interim dividend, and the net tangible asset backing per ordinary security increased from A$13.18 to A$17.61, reflecting the impact of lease accounting standards.

More about Macquarie Telecom Group Limited

YTD Price Performance: -10.35%

Average Trading Volume: 32,219

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$2.04B

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