Novatti Group Ltd. ( (AU:NOV) ) has shared an announcement.
Novatti Group Limited reported a significant improvement in its financial performance for the half-year ended December 31, 2024. The company achieved a 22.3% increase in revenue to $26.24 million and reduced its loss after tax by 84.8% to $2.02 million. The underlying EBITDA also improved by 62%, indicating a positive shift towards profitability. Additionally, Novatti completed the sale of its shares in IBOA Group Holdings Pty Ltd, which contributed to its strategic focus on long-term growth and monetization.
More about Novatti Group Ltd.
Novatti Group Limited operates in the financial technology industry, focusing on providing digital payment solutions and services. The company is involved in developing and monetizing an ecosystem of technology, licenses, partnerships, and human resources.
YTD Price Performance: 3.75%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.31M
For an in-depth examination of NOV stock, go to TipRanks’ Stock Analysis page.