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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.