Orbital Corporation Faces Significant Profit Decline

Orbital Corporation Limited (AU:OEC) has released an update.

Orbital Corporation Limited reports a significant drop in revenue by 25% and a steep decline in profits by 180% for the fiscal year ended June 30, 2024. With profits after tax also plunging to the same degree, the company’s net tangible assets per share increased from 2.18 to 3.26 cents. No dividends will be paid for this period, as confirmed in the audited preliminary final report.

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