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ReNu Energy Limited ( (AU:RNE) ) just unveiled an update.
ReNu Energy Limited reported a significant decrease in revenue and an increased net loss for the half-year ending December 31, 2024, compared to the previous year. The decline in revenue is attributed to reduced R&D tax incentive revenue and no favorable valuations of investee companies, while the increased loss is due to impairments of intangible assets and investments. The company does not plan to distribute dividends for this period.
More about ReNu Energy Limited
ReNu Energy Limited operates in the renewable energy sector, focusing on green hydrogen development activities. The company is involved in research and development to advance its renewable energy solutions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.09M
Learn more about RNE stock on TipRanks’ Stock Analysis page.