Swoop Holdings Limited (AU:SWP) has released an update.
Swoop Holdings Limited reported a revenue increase of 16.3% to over $81 million for the fiscal year ended June 30, 2024, yet also recorded a significant rise in loss after income tax, with losses from continuing operations jumping by 84.9%. Despite these challenges, the company managed to increase its gross margin by 8.4% and maintain a stable underlying EBITDA. No dividends were paid, recommended, or declared during the financial period, and the company noted an absence of impairment charges for the year.
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