Sports Entertainment Group Limited (AU:SEG) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Sports Entertainment Group Limited reported a strong financial performance for the March 2024 quarter, with a 24% increase in revenue from continuing operations, reaching $31.0 million, and net cash inflows of $2.9 million. The company also highlighted the successful sale of its New Zealand digital and audio businesses, investments in SEN Teams, and an improvement in group cash to approximately $11 million. Additionally, SEG is progressing on debt repayment, committing to pay $7.1 million by the end of July 2024, which will bring its debt down to $20 million.
For further insights into AU:SEG stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- Ford Mustang Cobra Jet Fastest Electric Car on the Planet, Ford Stock (NYSE:F) Notches Up
- “…Overlook a Lack of Earnings Power”: UBS Analysts Target Intel Stock (NASDAQ:INTC), Stock Gains
- “…Significantly Extend the Reach and Lethality of our Fleet”: Boeing Stock (NYSE:BA) Slips Despite Successful MQ-25A Test