Social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that the company closed the past financial year 2024 broadly in line with its own expectations according to preliminary figures.
Business activities revolved around the successful completion of the complex reverse merger of the former CAPEX Group and The Naga Group. With the completion of the merger in August 2024, the “new” NAGA initiated the integration of the two companies with a careful migration of customers to a single technology and the optimization of human resources.
NAGA said that as planned, 2024 was therefore a year of transition rather than growth in terms of revenue and earnings, which is attributable in particular to the gradual shift to a uniform…
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