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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an announcement.
Mount Gibson Iron Limited reported a significant downturn in its financial performance for the half-year ending December 2024, with revenue dropping by 61% to A$170.3 million and a net loss after tax of A$71.7 million. The company did not declare an interim dividend due to these challenging conditions, reflecting substantial declines in both profit and net tangible assets, which indicates a challenging period for the company and its stakeholders.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, focusing primarily on the extraction and supply of iron ore. The company is a key player in the Australian market with a focus on maintaining and expanding its mining operations.
YTD Price Performance: 4.28%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $236.3M
Learn more about MGX stock on TipRanks’ Stock Analysis page.
