Sargon weighs on OneVue half
OneVue has written its Sargon receivable down to $3.9 million amid the release of the company’s half-year results which saw OneVue managing director, Connie Mckeage assert the company’s businesses all have continuing growth momentum.
Mckeage also said that the “high profile Sargon matter has not affected OneVue’s ability to service our clients on a day to day basis”.
“In fact, our clients have been extremely supportive during this period. Nor has it impacted our ability to fund future growth plans,” she said.
OneVue’s half-year report, released to the Australian Securities Exchange (ASX) today revealed a loss from continuing operations attributable to members of $27.089 million, although the company’s EBITDA from continuing operations increased by 48.2% to $3.391 million.
OneVue is currently seeking to sell-down its stake in financial planning group Madison.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
