Orion Equities Limited (AU:OEQ) has released an update.
Orion Equities Limited has reported a substantial increase in their pre-tax and post-tax net tangible assets (NTA) per share, rising by 162.9% to $0.3572 as of 31 March 2024, from the previous month’s $0.1359. This spike is primarily due to receiving part of a $5 million consideration for the termination of an iron ore royalty entitlement, with an additional $3 million expected by 30 June 2024. Despite this increase, the company is reviewing its income tax position in light of potential carried forward tax losses.
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