Austral Resources Faces Downturn in Half-Year Results

Austral Resources Australia Limited (AU:AR1) has released an update.

Austral Resources Australia Ltd reported a significant downturn in financial performance for the half-year ended June 30, 2024, with revenues dropping 39% to $42.864 million and a shift from a $9.452 million profit to a $978,000 loss. The company also experienced a decrease in copper cathode sales and net operating cash inflows, alongside a slight decrease in cash and cash equivalents. No dividends were declared in this period, maintaining the previous year’s policy.

For further insights into AU:AR1 stock, check out TipRanks’ Stock Analysis page.