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Zicom Group Limited (ASX:ZGL)

ALERT: Price-sensitive ASX Announcement for ZGL
Current share price for ZGL : $0.140 0.075 (115.38%)+
Announcement
Release
20 Feb 2025 4:57PM
Price at Release
$0.065
Full Release
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Summary
Zicom Group Limited anticipates a net consolidated profit of S$2.0m to S$2.5m for the half year ended 31 December 2024, marking a turnaround from a previous net loss. The company is recovering from challenging years, although global economic conditions remain uncertain. The Board has opted not to distribute dividends, choosing instead to focus on debt reduction.
Key Points
  • Zicom Group Limited expects a net consolidated profit after tax of between S$2.0m to S$2.5m for the half year ended 31 December 2024.
  • This is a significant improvement from a net consolidated loss of S$2.8m for the previous half year ended 31 December 2023.
  • The Group's businesses have emerged from their worst years but face slow recovery.
  • Global economic challenges are expected to persist due to geopolitical tensions and inflation.
  • The Board has decided not to pay any dividend at this stage and will focus on reducing interest-bearing loans.
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.