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.
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