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An update from Newton Resources Ltd. ( (HK:1231) ) is now available.
Newton Resources Ltd. reported a significant decline in its financial performance for the fiscal year 2024, with revenue dropping from US$526.1 million in 2023 to US$309.9 million in 2024, resulting in a net loss of US$329,000 compared to a profit of US$2.4 million the previous year. The decrease in revenue and profit is attributed to higher cost of sales and reduced gross profit, impacting the company’s overall financial health and potentially affecting its market position and stakeholder confidence.
More about Newton Resources Ltd.
YTD Price Performance: -10.0%
Technical Sentiment Signal: Buy
Current Market Cap: €119.1M
Find detailed analytics on 1231 stock on TipRanks’ Stock Analysis page.
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