Aquirian Limited (AU:AQN) has released an update.
Aquirian Limited reported a mixed quarter with EBITDA rising by 10.5% to $0.7 million despite a 7.6% decrease in revenue to $5.2 million. The company remains financially robust, completing the debt-funded acquisition of the Wubin ammonium nitrate emulsion production facility, which is on track with initial batch trials. This strategic move is expected to enhance Aquirian’s earnings profile and fuel long-term growth by aligning closely with customer needs and optimizing blasting solutions.
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