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The latest update is out from Merino & Co Limited ( (AU:MNC) ).
Merino & Co. Limited reported a significant increase in losses for the half-year ended 31 December 2024, primarily due to strategic decisions to clear legacy inventory at discounted prices and increased costs associated with its Initial Public Offering. Despite a 2% decline in revenue, the company’s net tangible assets per share increased, indicating a potential strengthening of its financial position amidst ongoing brand transformation efforts.
More about Merino & Co Limited
Merino & Co. Limited operates in the retail industry, focusing on clothing and apparel. The company is undergoing a brand transformation and has recently been listed on the ASX.
YTD Price Performance: -43.10%
Average Trading Volume: 46,614
Find detailed analytics on MNC stock on TipRanks’ Stock Analysis page.