GLG Corp Ltd Faces Increased Annual Losses
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GLG Corp Ltd Faces Increased Annual Losses

GLG Corp Ltd (AU:GLE) has released an update.

GLG Corp Ltd reported marginal revenue growth in their preliminary final report for the fiscal year ending June 30, 2024, with a slight increase of 0.1% year-over-year. However, the company experienced a significant 88.7% increase in losses after tax, deepening from a loss of $1,952,000 in the previous year to a loss of $3,685,000. Furthermore, basic and diluted earnings per share also saw a substantial negative growth, almost doubling the loss per share from the prior year.

For further insights into AU:GLE stock, check out TipRanks’ Stock Analysis page.

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