iCandy Interactive Limited (ASX:ICI)

ALERT: Price-sensitive ASX Announcement for ICI

Current share price for ICI : $0.016 -0.003 (-15.79%)⁺

Announcement

Appendix 4E Preliminary Financial Report

Release

28 Feb 2025 6:12PM

Price at Release

$0.019

Full Release

Summary

The Appendix 4E Preliminary Financial Report for iCandy Interactive Limited reveals a year-end performance for 2024 with revenue decreasing by 3% to $25.37 million from $26.11 million in the previous year. The company reported a net profit of $381,564, a significant turnaround from a loss of $13.18 million in 2023. The report highlights a recovery in profit before tax, improved cash flow from operating activities, and a notable reduction in overall losses. The net tangible assets per share decreased slightly, reflecting ongoing financial adjustments. This report indicates the company's potential for recovery and growth following previous financial challenges.

Key Points

Revenue decreased by 3% to $25.37 million
Net profit of $381,564 compared to a loss of $13.18 million in 2023
Profit before income tax improved to $2.29 million from a loss of $12.88 million
Net cash used in operating activities improved to $4.29 million
Net tangible assets per share decreased to 1.38 cents from 1.54 cents
Consolidated profit for the year was $1.09 million
Total comprehensive income for the year was $2.14 million
Earnings per share increased to 0.03 cents

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.