AH-Vest profit plunges 73.84% in interim results

AH-Vest Limited (JSE: AHL) reported a significant decrease in profitability for the half-year ended December 31, 2024. Operating profit declined by 73.84%, falling from R5,258,739 in 2023 to R1,375,499. Revenue also saw a decrease, dropping by 12.84% to R100,630,933 from R115,454,572. Consequently, earnings per share and headline earnings per share both experienced a substantial decrease of 93.46% and 93.44% respectively, settling at R0.17 compared to R2.60 and R2.59 in the prior period. Despite the decline in profitability, the company's net asset value per share saw a marginal increase to R49.70, up from R49.53. Detailed financial results are available on the company's website and the JSE's Sens platform.