Strong performance continued: Eighth consecutive annual profit with growth in revenues and cash reserves
Growth of revenues and expenses were 15% and 19%, respectively in FY2024.
Over the eight years since commencement of commercial operations, the compound annual growth rate for revenues is 38% and 20% for expenses.
Net profit increased before tax and after tax by 11% to A$50.7 million and 16% to A$35.6million, respectively.
FY2024 marks the eighth consecutive year of profit.
The balance sheet strengthened again in FY2024, with an increase of 23% in net assets.
Cash reserves increased strongly by 17% to A$183.9 million which enables the self-financing of the Group’s expansion initiatives with a buffer to absorb adverse fluctuations in the operating environment.
The Company continued to maintain a range of key indicators of high performance in FY2024
| A$0.72 | 18% | A$0.05 | NIL |
| Earnings per share | Return on Equity | Dividend per share | Debt |
|---|