Navigator Global Investments Ltd (AU:NGI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Navigator Global Investments Ltd reported a robust financial performance for the year ended June 30, 2024, with a significant 49% increase in revenue and an 87% surge in profit attributable to members. The company’s earnings saw a dramatic rise, with EBITDA up 73% and adjusted EBITDA up 85%, primarily due to the full acquisition of a strategic investment portfolio early in the year. Despite these gains, net tangible assets per share saw a decrease, impacted by a substantial issuance of company shares.
For further insights into AU:NGI stock, check out TipRanks’ Stock Analysis page.
