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Pentanet Ltd ( (AU:5GG) ) has issued an update.
Pentanet Ltd reported an 8% increase in revenues from ordinary activities for the financial year ending June 2025. However, the company also recorded a 53% increase in losses after tax, amounting to $4.453 million. No dividends were declared for the current or previous financial periods, and the net tangible assets per ordinary security decreased from $0.04 to $0.03. These financial results indicate a challenging period for Pentanet, with increased revenues not offsetting the rising losses, potentially impacting its market positioning and stakeholder confidence.
More about Pentanet Ltd
Pentanet Ltd operates in the telecommunications industry, offering internet services and related products. The company focuses on providing high-speed internet solutions, primarily targeting the Australian market.
Average Trading Volume: 613,800
Technical Sentiment Signal: Sell
Current Market Cap: A$11.26M
Learn more about 5GG stock on TipRanks’ Stock Analysis page.