Bluechiip Limited Faces Substantial Financial Decline

Bluechiip Limited (AU:BCT) has released an update.

Bluechiip Limited has reported a significant downturn in its financial performance for the year ending June 30, 2024, with a 47% decrease in net revenue and a 15.31% increase in losses compared to the previous year. The company’s consolidated loss after income tax stands at $5,812,899, marking a steep decline from last year’s loss. No dividends have been declared as the company grapples with a decrease in net tangible assets per security from 0.33 cents to just 0.06 cents.

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