InvestSMART Group (ASX:INV) Announces Half-Year Financial Results
Financial Performance
InvestSMART Group reported a statutory loss of $348,573 for the half-year ended 31 December 2024. The company achieved an operating income of $4.66 million against operating expenses of $4.93 million. Cash at the end of the period stood at $7.04 million.
Operational Achievements
The company’s Professionally Managed Accounts (PMAs) increased by 18%, reaching 2,945 accounts as of 31 December 2024. Funds under management (FUM) grew to $671 million. InvestSMART’s diversified portfolios continued to outperform peers and celebrated their 10th anniversary during the reporting period.
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