RF Capital Group (TSE:RCG) has released an update.
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RF Capital Group reported a 5% increase in Q3 2024 revenue, reaching $91.9 million, driven by a 12% growth in assets under administration due to strong equity markets and strategic recruiting. Despite the revenue growth, the company faced a net loss from continuing operations and a decrease in free cash flow, attributed to rising operating expenses.
For further insights into TSE:RCG stock, check out TipRanks’ Stock Analysis page.
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