ESGL Holdings Reports Major Turnaround in FY2024 Results
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ESGL Holdings reported a significant turnaround in FY2024, achieving profitability and reducing its net loss from $95 million in FY2023 to $0.6 million. The company improved adjusted EBITDA by over 200%, driven by cost management and new product introductions. Despite strong revenue growth, Spark's analysis indicates profitability challenges and high leverage risks, leading to a Neutral rating for ESGL stock. The company focuses on sustainable waste management in Southeast Asia, with a current market cap of $83.67M and a year-to-date price performance of 56.06%.
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