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Prime Financial Group Reports Significant Profit Surge

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Prime Financial Group Reports Significant Profit Surge

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Prime Financial Group Limited ( (AU:PFG) ) has provided an announcement.

Prime Financial Group Limited reported a remarkable increase in revenue and profit for the half-year ended December 31, 2024. Revenue from ordinary activities rose by 25% to $22.94 million, while profit after tax attributable to members skyrocketed by 3411% to $1.10 million. An interim dividend of 0.77 cents per security has been declared, reflecting a slight increase from the previous period. The company’s net tangible asset backing per security improved from a negative 2.59 cents in June 2024 to negative 1.06 cents by December 2024. These financial results, audited by Ernst & Young, underscore the company’s strong performance and potential positive impact on stakeholders.

More about Prime Financial Group Limited

YTD Price Performance: 13.64%

Average Trading Volume: 86,591

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$61.31M

For a thorough assessment of PFG stock, go to TipRanks’ Stock Analysis page.

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