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Zicom Group Limited Reports Expected Profit Recovery for H2 2024 Amid Global Challenges

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Zicom Group Limited Reports Expected Profit Recovery for H2 2024 Amid Global Challenges

An update from Zicom Group Limited ( (AU:ZGL) ) is now available.

Zicom Group Limited anticipates a net consolidated profit after tax of between S$2.0m to S$2.5m for the half year ended 31 December 2024, a significant improvement from the S$2.8m loss in the previous half year. Despite this recovery, the company faces challenges from global geopolitical tensions and persistent inflation, leading to a decision against paying dividends to focus on reducing interest-bearing loans.

More about Zicom Group Limited

YTD Price Performance: 8.33%

Average Trading Volume: 75,223

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$13.95M

See more insights into ZGL stock on TipRanks’ Stock Analysis page.

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