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The latest update is out from Brooge Holdings ( (BROG) ).
Brooge Energy Limited reported its unaudited interim condensed consolidated financial results for the six months ending June 30, 2024, showing a significant decrease in revenue to $30.2 million from $62.9 million in the same period of the previous year. The company incurred a net loss of $3.5 million compared to a profit of $37.4 million last year, primarily due to decreased gross profit margins. This financial performance indicates potential challenges in the company’s operational efficiency or market dynamics, impacting its positioning in the energy storage sector.
More about Brooge Holdings
Brooge Energy Limited operates in the energy industry, focusing on providing oil storage and services. The company is involved in the storage of clean petroleum products and other hydrocarbons, catering to the needs of the oil and gas sector.
YTD Price Performance: 3.36%
Average Trading Volume: 23,189
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $135.6M
Learn more about BROG stock on TipRanks’ Stock Analysis page.
