Structural Monitoring Systems Shs Chess Depository Interests (AU:SMN) has released an update.
Structural Monitoring Systems Plc reported a significant reduction in net loss after tax by 69% to $1.04 million for the fiscal year 2024, alongside a 25% increase in revenues to $27.95 million. Despite the improved financial performance, the company has decided not to pay dividends. The growth is attributed to the successful development and market reception of new avionics products and efficient use of manufacturing capacity.
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