Macquarie Tech’s Profits Soar, Dividends Unchanged

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

Macquarie Technology Group Limited reports a significant increase in annual profit, with a jump of 86.5% after tax, reaching $33,001,000 for the year ended June 30, 2024, compared to the previous year. Revenue also saw a healthy increase of 5.3%, reaching over $363 million. Despite these strong financial results, the company has not declared any dividends for the final or interim periods.

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