Atlas Pearls Ltd ( (AU:ATP) ) has shared an announcement.
Atlas Pearls Ltd reported a strong financial performance for the first half of FY25, with a 29% increase in revenue to $19.1 million and a 21% rise in normalized EBITDA to $7.1 million. Despite a decline in average pearl prices from last year’s peak, the company has successfully diversified its sales channels beyond auctions, achieving higher margins and increasing the percentage of revenue from non-auction sales. The company declared an interim and special dividend, reflecting its robust financial position and strategic focus on growth and market stability.
More about Atlas Pearls Ltd
Atlas Pearls Ltd operates in the pearl industry, focusing on the production and sale of high-quality pearls. The company is known for its innovative sales strategies and diverse market channels, including traditional auctions and private sales, with a significant presence in Japan and Bali.
Average Trading Volume: 223,572
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61M
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