Resolute Mining Limited (AU:RSG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Resolute Mining Limited reported a half-year revenue of $341.5 million, up 4% from the previous year, and an EBITDA increase of 15% to $116.4 million. However, net profit after tax saw a significant decline of 62% to $33.4 million. The company also strengthened its financial position with net cash increasing to $96.6 million, marking a significant turnaround from the previous year’s net debt.
For further insights into AU:RSG stock, check out TipRanks’ Stock Analysis page.