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Clean TeQ Water Ltd Reports Significant Financial Decline for Half-Year 2024

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Clean TeQ Water Ltd Reports Significant Financial Decline for Half-Year 2024

The latest update is out from Clean TeQ Water Ltd ( (AU:CNQ) ).

Clean TeQ Water Ltd reported a significant decline in its financial performance for the half-year ended 31 December 2024, with a 41% drop in revenue from continuing operations and an 820% increase in loss from continuing operations after income tax. The company did not declare any dividends during this period, and its net tangible assets per security decreased compared to the previous year. This financial downturn highlights challenges in the company’s operational efficiency and market conditions, potentially impacting its stakeholders and industry positioning.

More about Clean TeQ Water Ltd

Clean TeQ Water Ltd operates in the water treatment industry, focusing on providing innovative solutions for water purification and treatment. The company is known for its advanced technologies aimed at addressing water scarcity and pollution challenges, serving various sectors that require clean water solutions.

YTD Price Performance: -25.00%

Average Trading Volume: 30,455

Technical Sentiment Consensus Rating: Buy

See more insights into CNQ stock on TipRanks’ Stock Analysis page.

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