Pentanet Ltd ( (AU:5GG) ) just unveiled an update.
Pentanet Limited reported a 6% increase in revenues for the half-year ending December 31, 2024, compared to the previous year. Despite the revenue growth, the company experienced a 12% increase in losses, totaling $3.089 million, partly due to a $648,000 impairment loss. The company did not declare any dividends for the period, and its net tangible assets per ordinary security decreased from 0.06 cents to 0.04 cents. These results indicate ongoing financial challenges despite revenue growth, impacting the company’s market positioning and stakeholder confidence.
More about Pentanet Ltd
Pentanet Limited operates in the telecommunications industry, focusing on providing internet services. The company is known for its high-speed internet offerings and aims to enhance digital connectivity for its customers.
YTD Price Performance: 13.33%
Average Trading Volume: 1,197,845
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.73M
Learn more about 5GG stock on TipRanks’ Stock Analysis page.