Reef Casino (AU:RCT) has released an update.
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Reef Casino Trust reported a slight downturn in its financial performance for the first half of 2024, with a 0.8% decrease in revenue and a 7.5% drop in profits compared to the same period the previous year. Despite this, the company will distribute 8.71 cents per unit to its unitholders, and reports a small increase in net tangible asset backing per unit from $1.32 to $1.33. This financial snapshot indicates cautious watchfulness for investors interested in the Trust’s stock market behavior.
For further insights into AU:RCT stock, check out TipRanks’ Stock Analysis page.
