Aeris Resources Limited (AU:AIS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.