Phoslock Reports Revenue Rise and Lower Losses

Phoslock Environmental Technologies Limited (AU:PET) has released an update.

Phoslock Environmental Technologies Limited reported a 12.2% increase in revenues, amounting to $3,392,000 for the year ended 31 December 2023. Despite higher revenues, the company experienced a significant reduction in losses, with an 81.7% decrease in loss after tax, resulting in a $2,056,000 deficit. The firm did not pay, recommend, or declare any dividends during the financial period.

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