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WA Kaolin Ltd. Reports Revenue Growth and Reduced Losses for H2 2024

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WA Kaolin Ltd. Reports Revenue Growth and Reduced Losses for H2 2024

WA Kaolin Ltd. ( (AU:WAK) ) has provided an announcement.

WA Kaolin Ltd. reported a 26.9% increase in revenues from continuing activities for the half-year ended December 31, 2024, reaching $1,517,216. Despite this revenue growth, the company recorded a comprehensive loss of $3,497,070, which is a 37% reduction compared to the previous period, indicating an improvement in financial performance. The company’s net asset backing per ordinary share improved to $0.01 from a negative $0.02, reflecting a positive shift in its financial position.

More about WA Kaolin Ltd.

WA Kaolin Ltd. operates in the mining industry, focusing on the extraction and processing of kaolin, a versatile mineral used in various industrial applications.

YTD Price Performance: -18.00%

Average Trading Volume: 239,348

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$32.81M

See more data about WAK stock on TipRanks’ Stock Analysis page.

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