Aeris Resources Reports Significant Turnaround with $29.6 Million Profit

An update from Aeris Resources Limited ( (AU:AIS) ) is now available.

Aeris Resources Limited reported a significant financial turnaround for the half-year ending December 31, 2024, with a profit of $29.6 million compared to a loss of $18.8 million in the previous year. This improvement is attributed to a 2% increase in revenues and a substantial 347% rise in gross profit, reflecting enhanced operational efficiency and strategic management.

More about Aeris Resources Limited

Aeris Resources Limited operates in the mining industry, focusing primarily on the exploration and production of mineral resources. The company is engaged in activities related to the extraction and processing of copper and other valuable minerals, aiming to enhance its market position through efficient operations and strategic growth initiatives.

YTD Price Performance: -16.67%

Average Trading Volume: 1,191,301

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$145.2M

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