Mount Gibson Iron Limited (AU:MGX) has released an update.
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Mount Gibson Iron Limited reported a robust financial performance for the fiscal year ended June 30, 2024, with revenue soaring by 51% to $684.4 million and profits before tax rising 72% to $52.4 million. Despite the impressive growth, the company has decided not to issue dividends but instead has announced an on-market share buy-back program for up to 5% of its shares. The firm’s net tangible assets per share also saw a slight increase from the previous year.
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