Patrys Limited Cuts Annual Losses by Half

Patrys Limited (AU:PAB) has released an update.

Patrys Limited reported a 49.9% decrease in annual loss after tax to $3,539,150 for the year ended June 30, 2024, compared to the previous year. The company’s R&D tax incentive and interest income contributed to its other income of $1,394,163. Despite this, no dividends were paid or proposed, and the company’s net tangible assets per security dropped to 0.15 cents.

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