Ten Sixty Four Limited Faces Sharp Profit Decline

Ten Sixty Four Limited (AU:X64) has released an update.

Ten Sixty Four Limited reports a substantial decrease in revenues and profits for the financial year ended June 30, 2023, with revenues down 18% and profits plummeting by 915%. The company also disclosed a net loss per share of US$0.10, in stark contrast to the previous year’s earnings. Amidst these financial challenges, no final dividend was declared, and the firm faced a dispute regarding ownership interests in Philsaga Management and Holdings, Inc.

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