Cryosite Limited (AU:CTE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cryosite Limited has reported a robust financial performance for the fiscal year ended June 30, 2024, with revenues increasing by 5.7% and net profits soaring by 30.6%. Shareholders can anticipate a 33% higher unfranked dividend of 2 cents per share, marking an optimistic year over year growth. The company has a strong cash position with no bank borrowings and has returned capital to shareholders, although there was a slight decrease in cash reserves compared to the previous year.
For further insights into AU:CTE stock, check out TipRanks’ Stock Analysis page.