Reckon Limited (AU:RKN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Reckon Limited reported a slight increase in revenue for the first half of 2024, up 1% to $28.4 million, but saw a decrease in net profit by 18% compared to the previous year, attributing the decline to a one-time tax benefit adjustment from 2023. Despite the dip in profitability, the company maintained its dividend payout at 2.5 cents per share and noted an improvement in net tangible assets per share. Investors should note that the results have been reviewed, not audited, without any disputes or qualifications.
For further insights into AU:RKN stock, check out TipRanks’ Stock Analysis page.