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An update from Carbonxt Group Ltd. ( (AU:CG1) ) is now available.
Carbonxt Group Ltd reported a 13% decline in half-year revenue, primarily due to disruptions in pellet sales, but saw a 13% increase in PAC revenue. The company achieved a milestone with the mechanical completion of its Kentucky activated carbon plant, which is expected to drive future revenue growth. Despite a current EBITDA loss, Carbonxt is optimistic about improving financial results in the second half of the year, supported by cost-reduction initiatives and growing demand for its products amid tightening environmental regulations.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a company operating in the activated carbon industry, focusing on the production of activated carbon products such as pellets and powdered activated carbon (PAC). The company is involved in key industrial markets and has a significant presence in the United States through its joint venture in Kentucky.
YTD Price Performance: -11.43%
Average Trading Volume: 152,403
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$24.09M
Find detailed analytics on CG1 stock on TipRanks’ Stock Analysis page.
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