Energy World Corporation Faces Revenue Decline

Energy World Corporation Ltd (AU:EWC) has released an update.

Energy World Corporation Ltd reported a significant downturn in its financial performance for the fiscal year ended June 30, 2024, with revenue plummeting by 29.1% to $24.7 million compared to the prior year and a marginal decrease in net loss to $50.459 million. The company’s net assets also saw a notable decline, while no dividends were paid, recommended, or declared in the current or previous financial year. Overall, the report reflects the challenges faced by EWC amidst a tough economic landscape.

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