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ASF Group Limited ( (AU:AFA) ) just unveiled an announcement.
ASF Group Limited reported a significant financial turnaround for the year ending June 2025, achieving a consolidated profit of $25.82 million compared to a loss the previous year. This improvement was largely due to a Debt-to-Equity Conversion Deed with Star Diamond Developments Limited, which eliminated $22 million in debt and enhanced the company’s financial flexibility. The company has streamlined its resources portfolio, focusing on high-value investments and emerging opportunities, and has made notable advancements in biotechnology and engineering. ASF’s property services continue to cater to both Australian and international investors, with ongoing projects in New South Wales and Queensland.
More about ASF Group Limited
ASF Group Limited is a diversified company with a focus on strategic investments across various sectors, including resources, advanced engineering, biotechnology, and property management. The company is involved in exploration projects targeting copper, gold, and rare earth elements, and has interests in innovative technologies such as the Scotch Yoke engine and lab-grown leather.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.55M
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