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Fenix Resources Limited ( (AU:FEX) ) has provided an update.
Fenix Resources Limited reported a slight increase in revenue by 3% for the half-year ended December 2024 compared to the previous year. However, the company’s net profit saw a significant decline of 92%, attributed to various operational challenges. Despite this, Fenix remains committed to its dividend policy, aiming to reward shareholders when conditions are favorable, and continues to focus on maintaining a robust financial position.
More about Fenix Resources Limited
Fenix Resources Limited operates in the mining industry, focusing on the extraction and sale of iron ore. The company is committed to maintaining a strong balance sheet and rewarding shareholders when appropriate.
YTD Price Performance: 23.33%
Average Trading Volume: 3,556
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €136.9M
See more insights into FEX stock on TipRanks’ Stock Analysis page.