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Magontec Limited Reports Revenue Decline Amid Asset Growth

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Magontec Limited Reports Revenue Decline Amid Asset Growth

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An announcement from Magontec Limited ( (AU:MGL) ) is now available.

Magontec Limited reported a 29% decrease in revenue from ordinary activities for the first half of 2025, amounting to $29.47 million. Despite this decline, the company saw an increase in net loss attributable to members, which was not deemed meaningful, totaling $3.958 million. The report indicates no interim dividend will be paid, and the net tangible assets per share have increased compared to the previous period, reflecting a stronger asset position despite the revenue downturn.

More about Magontec Limited

Magontec Limited operates in the manufacturing industry, focusing on the production of magnesium alloys and anodes. The company serves various markets, including automotive and industrial sectors, providing materials essential for lightweight and corrosion-resistant applications.

Average Trading Volume: 17,416

Technical Sentiment Signal: Sell

Current Market Cap: A$13.96M

Find detailed analytics on MGL stock on TipRanks’ Stock Analysis page.

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