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Magontec Limited ( (AU:MGL) ) just unveiled an update.
Magontec Limited reported a significant decline in gross revenue by 29.5% for the year ending December 2024, with a total revenue of $72,189,000. The company also experienced a substantial net loss of $9,517,000, marking a challenging financial year with no dividends declared, which may impact investor confidence and market positioning.
More about Magontec Limited
Magontec Limited operates in the manufacturing industry, focusing on producing magnesium alloys and anodes. The company serves various sectors, including automotive and electronics, by providing materials essential for lightweight and corrosion-resistant applications.
YTD Price Performance: 13.89%
Average Trading Volume: 9,298
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.68M
Find detailed analytics on MGL stock on TipRanks’ Stock Analysis page.