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Cue Energy Reports Decline in Half-Year Financial Performance

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Cue Energy Reports Decline in Half-Year Financial Performance

Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.

Cue Energy Resources Limited reported a decline in financial performance for the half-year ending December 31, 2024, with revenues from operations down by 7.4% to $27.1 million and a significant drop in profit after tax by 52.2% to $4.34 million. Despite the downturn, the company declared an interim dividend of $0.01 per share, reflecting its commitment to returning value to shareholders. The financial results indicate challenges in maintaining profitability, impacting its market positioning and potentially influencing stakeholder confidence.

More about Cue Energy Resources Limited

Cue Energy Resources Limited operates in the energy sector, focusing on the exploration and production of oil and gas resources. The company is engaged in developing energy resources and has a market focus on increasing its asset base and production capabilities.

YTD Price Performance: 25.00%

Average Trading Volume: 291,109

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$83.84M

Learn more about CUE stock on TipRanks’ Stock Analysis page.

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