Cue Energy Resources Limited (AU:CUE) has released an update.
Cue Energy Resources Limited reported a robust financial outcome for the first half of FY24, with a 22% increase in revenue at $29.3 million and a substantial $9.1 million profit. Shareholders benefited from a $14 million dividend payout in April, demonstrating the company’s strong cash flow and debt-free balance sheet. Despite a temporary reduction in cash receipts due to delayed Mahato revenue, Cue’s production remained stable, and they anticipate receiving the outstanding $6.8 million soon.
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