Omni Bridgeway Reports Revenue Surge but Increased Net Loss for Half-Year 2024

The latest announcement is out from Omni Bridgeway ( (AU:OBL) ).

Omni Bridgeway Limited reported a significant increase in revenue by 197% for the half year ending December 2024, although it also experienced a 32% rise in net loss attributable to members. Despite the financial losses, the company achieved a comprehensive income increase of 156%, reflecting strong performance in other areas. The directors have decided not to pay a dividend for this period but are considering a regular semi-annual dividend plan based on the company’s cash position and performance. The company’s net tangible assets per ordinary share slightly increased, indicating stable asset management. Omni Bridgeway also established a new entity and maintained its international operations, adhering to International Financial Reporting Standards.

More about Omni Bridgeway

Omni Bridgeway Limited operates in the litigation finance industry, providing funding solutions for legal disputes. The company focuses on investing in and managing legal claims, offering financial resources to claimants in exchange for a portion of the settlement or judgment proceeds. Omni Bridgeway has a global presence, with operations and investments in various countries, and it continues to expand its portfolio of litigation finance assets.

YTD Price Performance: 0.16%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $230.2M

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