OM Holdings Ltd. (AU:OMH) has released an update.
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OM Holdings Ltd. reported a profit after tax of US$12.9 million in the first half of 2024, a decrease from the previous year’s US$19.3 million, with a reduced EBITDA of US$46.6 million. The company saw a 4% dip in operating revenue due to lower ore volumes traded, and experienced a slight decrease in gross profit margin due to lower selling prices for its products. Despite this, OM Holdings decreased its total borrowings and generated US$69.4 million in net cash from operating activities, ending the period with a consolidated cash position of US$66.5 million.
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