360 Capital 1H Result

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360 Capital Group reported a statutory net loss of $5.4 million for the half-year ending December 31, 2023, a significant increase from the previous year's loss.

Despite this, operating profit was $4.7 million, with strong underlying leases.

The company undertook a buyback of 8.8 million securities, reflecting confidence in its asset quality and financial position, which includes a strong cash balance of $34.9 million and no debt. Their focus remains on real estate funds management and investment, navigating a challenging commercial real estate market.

This announcement is a summary of the company approved ASX announcement on 19/2/2024 and is based on facts.