Unith Ltd Reports Significant Loss Increase in Half-Year Financials

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

Unith Ltd reported a significant increase in losses for the half-year ending December 31, 2024, with a 1,353.5% rise in loss from ordinary activities after tax, amounting to $3,547,127. The company’s revenue from ordinary activities decreased by 4.9% to $2,308,979, and no dividends were declared during this period. The financial downturn was partly due to an impairment write-down of $1,764,163 related to its investment in In the Room Global Ltd. The company’s net tangible assets per ordinary security also decreased from 0.84 cents to 0.53 cents.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.57M

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