Sequoia Financial Group Ltd. (AU:SEQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sequoia Financial Group Ltd reported a robust FY24 with a 26% increase in business revenue to $124.6 million, and an 88% surge in operating profit to $8.7 million, while also achieving margin improvements. The company strengthened its financial position by remaining debt-free, holding $16.8 million in cash, and rewarding shareholders with a 49% growth in dividends totaling 7 cents per share. Moreover, Sequoia streamlined its operations for greater efficiency and engaged in strategic acquisitions and divestments, including the sale of 80% of Morrison Securities.
For further insights into AU:SEQ stock, check out TipRanks’ Stock Analysis page.