An announcement from Carnegie Clean Energy Ltd ( (AU:CCE) ) is now available.
Carnegie Clean Energy Ltd reported a 7.3% increase in revenue from ordinary activities for the half-year ending December 31, 2024, compared to the previous year. Despite the revenue growth, the company experienced a net loss of $1,303,479, marking a 2.6% decrease in losses from the previous period. No dividends were declared for the period, and the net tangible asset backing per ordinary security decreased from 1.72 cents to 1.22 cents. This financial performance reflects ongoing challenges in achieving profitability while operating in the renewable energy sector.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd operates in the renewable energy industry, focusing on the development of clean energy solutions. The company is known for its innovative approaches to harnessing wave energy, contributing to sustainable energy production.
YTD Price Performance: 40.0%
Average Trading Volume: 104,877
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.36M
See more data about CCE stock on TipRanks’ Stock Analysis page.