The latest announcement is out from Phoslock Environmental Technologies Limited ( (AU:PET) ).
Phoslock Environmental Technologies Limited has released its audited financial statements for the period ending 28 March 2025, showing a reduction in net loss after tax by $462,000 compared to the preliminary figures. The adjustments in the financials reflect changes in inventory valuations, impairment calculations, and reclassification of liabilities, resulting in an increase in total equity by $401,000. These changes indicate a positive adjustment in the company’s financial position, potentially enhancing its market standing and providing reassurance to stakeholders.
More about Phoslock Environmental Technologies Limited
Phoslock Environmental Technologies Limited (ASX: PET) specializes in water treatment products aimed at remediating polluted water bodies such as lakes, rivers, canals, and drinking water reservoirs. Headquartered in Sydney, with operations in Changxing, China, the company is represented globally by licensees and distributors. PET’s primary product, Phoslock®, is a lanthanum modified bentonite that binds excess phosphorus to improve water quality without harming living organisms, and is certified for use in multiple regions worldwide.
YTD Price Performance: 25.00%
Technical Sentiment Signal: Buy
Current Market Cap: A$15.63M
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