St. Barbara Limited Faces Steep Financial Decline

St. Barbara Ltd. (AU:SBM) has released an update.

St. Barbara Limited reported a significant downturn in its financial performance for the fiscal year ending June 30, 2024, with revenue down by 29% and a substantial increase in net loss by 87% compared to the previous year. The company experienced a series of significant items impacting its income statement, including business development costs and asset impairments. No dividends were declared, reflecting the company’s struggle to stabilize its financial position.

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