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DUG Technology Ltd Reports Financial Downturn Amid Asset Growth

Story Highlights
  • DUG Technology Ltd saw a decrease in revenue and profit for the half-year ended 31 December 2024.
  • Net tangible assets per share increased, despite financial losses, indicating asset base growth.
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DUG Technology Ltd Reports Financial Downturn Amid Asset Growth

DUG Technology Ltd ( (AU:DUG) ) has issued an update.

DUG Technology Ltd reported a decrease in revenue and a significant drop in profit after tax for the half-year ended 31 December 2024 compared to the previous year. The company’s EBITDA also declined by 26.3%, and no dividends were declared for the period. Despite the financial downturn, the net tangible assets per share increased to US$0.35 from US$0.22, indicating a potential strengthening of the company’s asset base.

More about DUG Technology Ltd

YTD Price Performance: -18.21%

Average Trading Volume: 393,391

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$154.2M

For a thorough assessment of DUG stock, go to TipRanks’ Stock Analysis page.

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