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Soco Corporation Ltd ( (AU:SOC) ) has issued an announcement.
SOCO Corporation Ltd reported a 3.6% increase in revenue to $21.29 million for the year ending June 30, 2025, and achieved a significant turnaround in profitability with a net profit of $68,275, compared to a loss in the previous year. The company improved its gross margin to 24.2% and increased its non-federal government revenue to 64.4%, despite procurement delays and pre-election caution affecting federal government revenue. Key initiatives included workforce right-sizing, strategic leadership hires, and system enhancements, resulting in positive cash conversion and an increase in net tangible assets per security.
More about Soco Corporation Ltd
Average Trading Volume: 50,400
Technical Sentiment Signal: Hold
For an in-depth examination of SOC stock, go to TipRanks’ Overview page.