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Hudson Investment Group Limited (ASX:HGL)
ALERT: Price-sensitive ASX Announcement for HGL
Current share price for HGL : $0.175 0 (0%)+
Announcement
Release
28 Feb 2025 9:52AM
Price at Release
$0.175
Full Release
Summary
Hudson Investment Group Limited, an ASX-listed company, reported a consolidated net loss of $1.37 million for the year ended December 31, 2024, primarily due to fair value adjustments of investment properties. The company's revenue increased by 1.2% to $1.498 million, while other income decreased significantly. The company remains focused on optimizing its property portfolio and exploring redevelopment opportunities. It has not declared any dividends for the year and is engaging in a potential corporate restructure.
Key Points
- Consolidated net loss after tax was $1.37 million for the year ended December 31, 2024.
- Revenue from ordinary activities rose by 1.2% to $1.498 million.
- Company does not recommend any dividends for the year.
- Engaged Knight Frank Central Coast for expressions of interest on property sales.
- Focus on optimizing current property portfolio for future growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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