Aeris Resources Limited ( (AU:AIS) ) has shared an update.
Aeris Resources Limited has reported strong financial results for the first half of FY25, with significant improvements across key metrics. The company achieved increased revenue of $292.7 million, driven by higher commodity prices and gold production, while reducing the cost of sales by 15%. This led to a gross profit surge of 347% and a net profit after tax of $29.6 million, marking a substantial turnaround from a loss in the previous year. With positive cash flow from operations and a stronger balance sheet, Aeris is well-positioned to meet its annual production guidance and deliver robust full-year results.
More about Aeris Resources Limited
Aeris Resources Limited is a company operating in the mining industry, primarily focused on the production of copper and gold. The company is listed on the Australian Securities Exchange (ASX) under the ticker AIS.
YTD Price Performance: -16.67%
Average Trading Volume: 1,191,301
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$145.2M
See more data about AIS stock on TipRanks’ Stock Analysis page.