tiprankstipranks
Aeris Resources Reports Mixed Financial Results
Company Announcements

Aeris Resources Reports Mixed Financial Results

Aeris Resources Limited (AU:AIS) has released an update.

Don't Miss our Black Friday Offers:

Aeris Resources Limited reported a decrease in revenues by 12% year-over-year, while achieving a substantial 234% increase in Adjusted EBITDA for the fiscal year ended June 30, 2024. The company significantly reduced its loss after tax by 83% compared to the previous year, but did not declare any dividends for the current period. The report also indicates a reduction in net tangible assets per share and highlights an unqualified audit opinion with a material uncertainty related to going concern.

For further insights into AU:AIS stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App