Cryosite Limited Announces Strong Annual Growth

Cryosite Limited (AU:CTE) has released an update.

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.

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