Money3 Corporation Limited (AU:SVR) has released an update.
Solvar Limited reports a challenging fiscal year ending June 2024, with revenue slightly up by 3.2% to $215,992 but profits after tax plunging by 64.2% to $17,040 compared to the previous year. The company has also decreased its total dividend payout to 10 cents per security, down from the previous year’s 16.5 cents, reflecting the downturn in profits. Despite the dip in earnings, the company maintains a consistent net tangible assets per security value of $1.58, only slightly down from $1.60 in the previous year.
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