HUB24 (ASX:HUB) share price edges lower following AGM update

The HUB24 Ltd (ASX: HUB) share price is trading lower on the day of its annual general meeting.

In afternoon trade the investment platform provider’s shares are down 0.25% to $20.70.

What happened at the HUB24 annual general meeting?

Management began the virtual event by taking investors through its performance in FY 2020.

During the 12 months ended 30 June, HUB24 continued its impressive form and delivered further strong growth across all key metrics.

Group revenue increased 14%, Platform revenue increased by 37%, and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 60% to $24.7 million.

HUB24’s chairman, Bruce Higgins, commented: “In an environment of continued disruption in the…