Mayne Pharma Group Reports Increased Revenue but Net Loss

Mayne Pharma Group (AU:MYX) has released an update.

Mayne Pharma Group reported a significant 112% increase in revenue for the year ending June 2024, but also a net loss after tax, contrasting with the previous year’s profit. The report indicates a challenging year with substantial losses from continuing operations and the incorporation of a new entity, Mayne Pharma Distribution Services LLC. Shareholders faced a diluted earnings per share of ($2.19) and no final dividend, reflecting the company’s performance and strategic adjustments.

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