Stanmore Resources Ltd (AU:SMR) has released an update.
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Stanmore Resources Ltd reports a significant 18% drop in revenue and a 60% decrease in after-tax profits for the six-month period ending 30 June 2024, compared to the same period last year. Despite the downturn, the company maintained dividend payouts, declaring an interim dividend of US 4.4 cents per share after the reporting period. The financial results reflect a reduction in the sales price received for their products, as detailed in the company’s Operating and Financial Review.
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