Credit Intelligence Limited (ASX:CI1) Issues Profit Warning
Half-Year Loss Announcement
Credit Intelligence Limited (ASX:CI1) has issued a profit warning regarding its half-year results for the period ending 31 December 2024. The company anticipates a loss of approximately A$2.8 million, an improvement from the previous loss of A$11.1 million during the same period last year. This change is mainly due to a significant rise in accounts receivable write-offs, totalling A$3.6 million recorded by its subsidiary, Chapter Two Holdings Pty Ltd.
Financial Review Timeline
The board of Directors expects to finalise the results for the first half of FY25 in February 2025. However, the current financial information shared is based on a preliminary assessment and has not been audited by external parties. The outcome may vary from what has been disclosed.
Forward-Looking Statements
This announcement includes forward-looking statements regarding the company’s expectations and forecasts. These statements, while reflecting current intentions, involve risk and uncertainty and should not be regarded as assurances of future performance. As detailed, various factors could influence actual results, which may differ substantially from the company’s projections.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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