Unith Ltd Reports Increased Revenue and Losses

Crowd Media Holdings Limited (AU:UNT) has released an update.

Unith Ltd has reported a 12.3% increase in revenues for the financial year ended 30 June 2024, but also a significant increase in losses, with a 158.0% rise in loss after tax to $1,888,963. The company’s net tangible assets per share decreased slightly from 0.86 to 0.82 cents. No dividends were paid, recommended, or declared during the period, and the audit report raises concerns over the valuation of an investment.

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