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AF Legal Group Limited ( (AU:AFL) ) has provided an announcement.
AF Legal Group Limited has settled a legal claim related to the hiring of a senior lawyer in 2022, resulting in an estimated expense of $550k-$600k for the second half of FY25. Additionally, the company is dealing with a regulatory investigation involving one lawyer, which is expected to incur further legal expenses of $100k. Despite these challenges, the company reports strong underlying performance and remains confident in achieving higher normalized NPBT for the second half of FY25 compared to the first half.
More about AF Legal Group Limited
AF Legal Group Limited operates in the legal services industry, providing legal representation and advice. The company focuses on litigation and regulatory compliance, serving clients across various jurisdictions in Australia.
Average Trading Volume: 157,606
Technical Sentiment Signal: Sell
Current Market Cap: A$10.04M
For a thorough assessment of AFL stock, go to TipRanks’ Stock Analysis page.