Aquirian Limited (AU:AQN) has released an update.
Aquirian Limited reported a mixed financial quarter with a 10.8% increase in revenue to $5.8 million and a 21.5% rise in EBITDA, but saw annual figures dip with a 12% drop in revenue and a 2.8% decrease in EBITDA compared to the previous year. Despite these challenges, the company successfully restarted its Wubin Emulsion Facility, secured a $1.3 million government contract, and is in commercial talks to expand ammonium nitrate storage capacity, positioning itself for strategic focus on energetics and technology.
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