Diverger Limited reported a 45% increase in underlying profit for the first half of the 2023/24 fiscal year, reaching $4.25 million. This growth was supported by a 12% increase in revenue from ordinary operating activities, totaling $71.70 million. The company successfully executed a transformational transaction, approved by shareholders and the court, involving a Scheme of Arrangement with Count Limited, delivering a 64% premium to shareholders. Despite incurring $3.80 million in non-recurring costs related to the scheme, resulting in a statutory net loss after tax of $1.04 million, the company witnessed solid growth across its operations.
This announcement is a summary of the company approved ASX announcement on 19/2/2024 and is based on facts.