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An update from Timah Resources Ltd ( (AU:TML) ) is now available.
Timah Resources Ltd, operating in the energy sector, has reported a net loss for the year ending December 31, 2024, despite a 2% increase in power exports. The company faced challenges with its Biogas Plant due to limited POME feedstock and high maintenance costs, leading to the decision to write off three Guascor gas engines. However, the remaining Jenbacher engines have shown better performance. The company completed major maintenance and repair works at the Biogas Power Plant, reducing expenses by 15% compared to the previous year, aiming to secure long-term profitability and improve future performance.
More about Timah Resources Ltd
YTD Price Performance: 2.50%
Average Trading Volume: 88
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.64M
Learn more about TML stock on TipRanks’ Stock Analysis page.