Carbonxt Group Faces Revenue Decline and Net Loss Increase

Carbonxt Group Ltd. (AU:CG1) has released an update.

Carbonxt Group Limited reported a 2.2% decline in revenues and a 35.7% increase in net loss after tax, attributing the downturn to a decrease in supply to their main Activated Carbon pellet customer and higher net interest expenses due to investment funding. Despite the overall loss, the company saw underlying EBITDA rise by 21.5%. No dividends were paid, recommended, or declared during the financial period.

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