Revenue rose 17% over the past year. But net profit was down 15% due to higher costs, the firm said.
September 10, 2019 at 02:59 PM
1 minute read
Correspondent, Sydney
Australian litigation funder Litigation Capital Management (LCM) reported a strong rise in full-year revenue and said it looks to an increase in corporate portfolio funding for future growth.
Revenue for the 12 months to June 30 was up 17% to A$34.7 million ($23.8 million), while gross profit of A$20.34 million ($14 million) increased by 23%, said the firm, which is listed on London’s AIM stock exchange.
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