Netwealth Group Ltd. (AU:NWL) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Netwealth Group Ltd. has reported a robust financial performance for FY24, marked by a 25.2% increase in total Funds Under Administration to $88 billion and a 24.1% rise in net profit after tax to $83.4 million. The company also achieved a significant increase in return on equity to 62.3% and demonstrated strong cash conversion, reflecting its adept management and strategic growth initiatives. These results underscore Netwealth’s ability to navigate market dynamics effectively while maintaining strong governance and sustainability objectives.
For further insights into AU:NWL stock, check out TipRanks’ Stock Analysis page.