Research
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AfroCentric Investment Corporation FY 24A Insights
Key message: The 2024 results highlighted strong cash flow generation as a major positive. The Admin business experienced significant membership growth, although servicing costs continue to pose challenges. Meanwhile, profitability in the Healthcare Retail segment remains under pressure.
KAP – FY24 Results
Key message: Cautious outlook from management with 3-4 year restructuring and stabilisation plan after recent high capex spend.