MARKETS

Aus tech firm reports record-breaking profit in FY23

AUSTRALIA-HEADQUARTERED computing company DUG Technology has posted its financial year 2023 revenue of US$50.9 million, 51% up due to a 70% increase in services revenue to US$40.3 million.

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DUG-technology-1.jpg

The technology company, which listed on the ASX in 2020, reported earnings before interest taxation depreciation and amortisation of US$15.1 million, an increase of 436%, while its net profit after tax...

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