Swoop Holdings Limited ( (AU:SWP) ) has issued an update.
Swoop Holdings Limited reported an increase in revenue from ordinary activities for the half-year ending December 2023. Despite a rise in revenue, the company experienced a significant loss after income tax from continuing operations, while profits from discontinued operations also saw an increase. The overall gain attributable to the owners of Swoop Holdings Limited improved compared to the previous period. The company’s gross margin and underlying EBITDA showed a decline, indicating challenges in maintaining operational efficiency. This financial performance highlights the company’s ongoing efforts to manage its operations effectively amidst market challenges.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the financial industry, focusing on providing financial services and solutions. The company is involved in both continuing and discontinued operations, reflecting a diverse range of activities within the sector.
YTD Price Performance: 5.56%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €22.45M
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