Axis Auto Finance Inc (TSE:AXIS) has released an update.
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Axis Auto Finance Inc. reported a challenging quarter and fiscal year for 2024, with significant declines in both automotive and equipment originations and a drop in revenues. The company faced a 19% decrease in quarterly revenue and saw an adjusted loss of $16.9 million, alongside a sizeable net loss despite a small improvement from the previous year’s Q4 results.
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