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MPower Group Reports Half-Year Loss Amid Revenue Decline

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MPower Group Reports Half-Year Loss Amid Revenue Decline

MPower Group Limited ( (AU:MPR) ) has issued an update.

MPower Group Limited reported a significant decline in its financial performance for the half year ending 31 December 2024, with a net loss of $1.486 million compared to a profit of $881,000 in the previous year. The company’s revenue from ordinary activities also decreased by 6%, reflecting challenges in its operational and market environment, and no dividends were declared for the period.

More about MPower Group Limited

MPower Group Limited operates in the energy sector, focusing on providing power solutions and services. The company is listed on the Australian Securities Exchange (ASX) under the ticker MPR.

YTD Price Performance: 10.0%

Average Trading Volume: 423,630

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.78M

For a thorough assessment of MPR stock, go to TipRanks’ Stock Analysis page.

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