Half Year Report
| Stock | Teaminvest Private Group Ltd (TIP.ASX) |
|---|---|
| Release Time | 10 Feb 2025, 9:48 a.m. |
| Price Sensitive | Yes |
Teaminvest Private Group Reports 20.1% Profit Increase in H1 FY25
- Revenues down 0.9% to $54.2 million
- Profit after tax up 20.1% to $2.5 million
- Profit attributable to owners up 11.2% to $2.3 million
- Interim dividend of 1.5 cents per share declared
Teaminvest Private Group Limited has released its Appendix 4D report for the half-year ended 31 December 2024. The company reported revenues from ordinary activities of $54.2 million, down 0.9% from the previous corresponding period. Profit from ordinary activities after tax including other comprehensive income and non-controlling interest for Teaminvest Private Group Limited was up 20.1% to $2.5 million. Profit from ordinary activities after tax attributable to the owners of Teaminvest Private Group Limited increased by 11.2% to $2.3 million. The company declared a dividend of 1.50 cents per share for the half-year ended 31 December 2024. The net tangible assets per ordinary security increased from 161.55 cents as at 30 June 2024 to 173.64 cents as at 31 December 2024. The company's share of profits from its associate and joint venture entities totaled $1.5 million for the period.