Benjamin Hornigold Faces Sharp Profit Decline

Benjamin Hornigold Ltd. (AU:BHD) has released an update.

Benjamin Hornigold Ltd. reported a significant downturn in its financial performance for the fiscal year ended June 30, 2024, with revenues dropping by 36% and profits plunging 749% after tax compared to the previous year. The company experienced a substantial loss of $566,926, a stark contrast to the $87,384 profit from the prior period, primarily due to increased legal fees and decreased net trading profits on financial instruments. No dividends were paid or proposed during the year, reflecting the company’s challenging financial situation.

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