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The latest announcement is out from Advance ZincTek Limited ( (AU:ANO) ).
Advance ZincTek Limited reported a 2.6% increase in revenue to $5.718 million and a significant 48.36% rise in net profit to $954,000 for the half-year ending December 2024. Despite the improved financial performance, the company decided not to pay an interim dividend, reflecting a strategic choice to reinvest in operations or reserve capital. The earnings per share also grew from 1.03 cents to 1.52 cents, highlighting enhanced profitability, although net tangible assets per share saw a slight decline, signaling potential considerations for asset management strategies.
More about Advance ZincTek Limited
Advance ZincTek Limited operates in the materials sector, focusing on zinc-based products. The company specializes in the production and development of advanced zinc materials, serving diverse markets that require high-performance zinc products.
YTD Price Performance: 0.66%
Average Trading Volume: 5,182
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$47.79M
For an in-depth examination of ANO stock, go to TipRanks’ Stock Analysis page.
