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The latest announcement is out from Advance ZincTek Limited ( (AU:ANO) ).
Advance ZincTek Limited has reported a significant financial turnaround, with sales revenue for FY25 reaching $11.4 million, surpassing the previous year’s total. This growth is attributed to increased sales in the USA and operational efficiencies following the closure of its Perth facilities. The company anticipates a profit before tax of approximately $1.95 million, a notable improvement from the prior year’s loss. With a strong balance sheet, including cash reserves of $525,305 and no debt, the company is exploring capital management initiatives to be discussed at the upcoming Annual General Meeting.
More about Advance ZincTek Limited
Advance ZincTek Limited operates in the zinc technology industry, focusing on the development and sale of zinc-based products. The company has a market focus on enhancing operational efficiency and expanding its sales, particularly in the USA.
Average Trading Volume: 4,481
Technical Sentiment Signal: Sell
Current Market Cap: A$48.55M
For a thorough assessment of ANO stock, go to TipRanks’ Stock Analysis page.