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HighCom Limited Reports Strong Financial Turnaround in H1 2024

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HighCom Limited Reports Strong Financial Turnaround in H1 2024

XTEK Limited ( (AU:HCL) ) has provided an announcement.

HighCom Limited reported a significant financial turnaround for the half-year ending December 31, 2024, with a 78% increase in revenue from ordinary activities, totaling $26.6 million. The company achieved a profit after tax of $1.2 million, a notable recovery from the $13.5 million loss in the same period the previous year, indicating a strong operational performance and improved market positioning.

More about XTEK Limited

HighCom Limited operates in the security and defense industry, focusing on providing advanced personal protective equipment and related technologies. The company is known for its innovative solutions catering to both military and civilian markets.

YTD Price Performance: 9.38%

Average Trading Volume: 57,233

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$17.97M

Learn more about HCL stock on TipRanks’ Stock Analysis page.

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