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Pacific Current Group Ltd ( (AU:PAC) ) has shared an update.
Pacific Current Group released its half-year financial results for the period ending December 31, 2024, showing a significant increase in net profit before tax, which rose by 555.98% compared to the previous year. However, the company experienced a decline in revenue from ordinary activities by 3.40%, and underlying net profit after tax decreased by 8.80%. These results highlight a mixed performance, with substantial gains in net profit but challenges in maintaining revenue growth.
More about Pacific Current Group Ltd
Pacific Current Group is a multi-boutique asset management firm that focuses on providing value to shareholders, investors, and partners. The company leverages strategic resources, including permanent capital and operational expertise, to support its partners. It has investments in eight boutique asset managers globally.
YTD Price Performance: 3.89%
Average Trading Volume: 3,997
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $397.4M
For detailed information about PAC stock, go to TipRanks’ Stock Analysis page.