XRF Scientific Posts Profit Growth Amidst Revenue Dip

XRF Scientific Limited (AU:XRF) has released an update.

XRF Scientific Ltd reports a mixed September 2024 quarter with a 3% decrease in revenue to $13.1m compared to the same period last year, but a notable 15% increase in profit before tax to $3.2m. The results were primarily driven by the Consumables and Precious Metals divisions, with strong sales in sample analysis activity and new customer acquisitions in production mines. Despite delays in capital equipment sales, the company remains optimistic with expected positive results in all divisions for the upcoming December 2024 quarter.

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