Australian Agricultural Projects Ltd. (AU:AAP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Australian Agricultural Projects Ltd. reported a substantial increase in profits after income tax, reaching $1,254,830 for the fiscal year ending June 2024, surpassing management expectations. Despite an ‘off’ year in the biennial production cycle resulting in a lower olive oil yield, the company’s revenue jumped by 41% due to higher market prices. The balance sheet also reflected strength with a $3,064,220 rise in net assets, largely owing to trading profits, asset revaluations, and capital raised from securities.
For further insights into AU:AAP stock, check out TipRanks’ Stock Analysis page.