Atlas Pearls Ltd (AU:ATP) has released an update.
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Atlas Pearls Ltd has reported a stellar financial performance for FY24, with total revenue increasing by 53% to $41.7M and net profit after tax surging by 246% to $31.5M, compared to the previous year. Despite selling fewer pearls, the company achieved a significant rise in average price per pearl, up 88%, contributing to a strong balance sheet with cash reserves up by 125% to $17.6M. Reflecting confidence in its financial health, Atlas Pearls announced a special dividend of 1.0 cent per share, payable in late September 2024.
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