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PeopleIn Limited Faces Profit Slump and Dividend Cut
Company Announcements

PeopleIn Limited Faces Profit Slump and Dividend Cut

Peoplein Limited (AU:PPE) has released an update.

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PeopleIn Limited reported a minor decline in revenue and a significant 75% drop in profit after tax for the fiscal year ended June 2024, compared to the previous year. A strategic shift towards low-margin work in the Food Industries People business was cited as a key factor for the profit downturn. The company also announced a reduced interim dividend of 3.0 cents per share, with no final dividend declared for the year.

For further insights into AU:PPE stock, check out TipRanks’ Stock Analysis page.

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