tiprankstipranks
Company Announcements

AuMake Limited Reports Revenue Decline and Increased Losses for Half-Year 2024

Story Highlights
AuMake Limited Reports Revenue Decline and Increased Losses for Half-Year 2024

AuMake Ltd. ( (AU:AUK) ) just unveiled an announcement.

AuMake Limited reported a 19% decrease in revenues for the half-year ended December 31, 2024, compared to the same period in 2023, with revenues totaling $13.57 million. The company’s loss from ordinary activities after tax increased by 42% to $1.93 million. No dividends were declared or paid during this period. Despite the financial downturn, the net tangible assets per ordinary security increased to 0.14 cents from 0.07 cents, and the company expanded its investment portfolio by establishing a joint venture in the wine and tourism industry.

More about AuMake Ltd.

AuMake Limited operates in the retail industry, focusing on providing products and services tailored to the needs of Asian consumers, particularly in the areas of health, beauty, and lifestyle. The company is involved in a joint venture in the Hunter Valley Wine & Tourism sector, holding a 35% share in the Hunter Valley Wine & Tourism Alliance Pty Ltd.

Current Market Cap: A$12.04M

Find detailed analytics on AUK stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1