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Advance ZincTek Limited ( (AU:ANO) ) just unveiled an announcement.
Advance ZincTek Limited has announced a significant financial turnaround, expecting a profit before tax of approximately $1.75 million for FY25, compared to a loss of $990,000 in FY24. This improvement is attributed to increased sales in the USA and the closure of the Perth facilities, despite some negative impacts from non-recurring expenses and the loss of a major customer. The company remains debt-free with cash reserves of $767,095 and is exploring capital management initiatives. Product trials for high purity White Sapphire are set to begin, marking a strategic focus on expanding their market presence.
More about Advance ZincTek Limited
Advance ZincTek Limited operates in the specialty chemicals industry, focusing on the production of zinc-based products. The company is involved in the development and distribution of products such as White Sapphire Matte, targeting markets in the United States and beyond.
Average Trading Volume: 4,461
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$47.58M
For an in-depth examination of ANO stock, go to TipRanks’ Stock Analysis page.