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Wellard Ltd. Reports Revenue Decline and Increased Losses for H1 2024

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Wellard Ltd. Reports Revenue Decline and Increased Losses for H1 2024

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Wellard Ltd. ( (AU:WLD) ) has issued an announcement.

Wellard Ltd. reported a revenue decline of 21.5% to $14.1 million for the half-year ending December 31, 2024, compared to the previous year. The company also experienced a significant net loss of $2.3 million, reflecting a 514.3% increase in losses from the same period last year. The challenges faced by Wellard Ltd. during this period highlight the difficulties in the livestock industry, impacting the company’s financial performance and market positioning.

More about Wellard Ltd.

Wellard Ltd. operates in the livestock industry, focusing on the production and supply of livestock and related services. The company is involved in the management of livestock export and trading, primarily serving markets with a high demand for quality livestock.

YTD Price Performance: 173.33%

Average Trading Volume: 10,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €45.2M

See more insights into WLD stock on TipRanks’ Stock Analysis page.

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