Silex Systems Reports Revenue Rise and Higher Losses

Silex Systems Limited (AU:SLX) has released an update.

Silex Systems Limited reported an increase in revenue by 39.8% and other income by 53.1% for the financial year ended June 30, 2024, despite a notable 30.9% rise in net losses after tax. The company’s cash reserves decreased by 18.1% and its net tangible asset backing per ordinary security declined from 63.16 to 55.70 cents. No dividends were paid or proposed during this period, as stated in the company’s unqualified audit report.

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