Gale Pacific Limited Faces Financial Decline

Gale Pacific Limited (AU:GAP) has released an update.

Gale Pacific Limited reported a downturn in financial performance for the year ended June 30, 2024, with revenues dropping by 7.2% and the company experiencing a swing to a loss of $332,000 from a profit of $3,696,000 the previous year. The firm’s net tangible assets per security also decreased slightly. Reflecting the challenging year, no dividends were declared or paid for the period.

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