TPC Consolidated Reports Revenue Growth Amid Profit Dip

TPC Consolidated Limited (AU:TPC) has released an update.

TPC Consolidated Limited’s financial results for FY24 reveal a substantial growth in revenue, up 16.3% to $159.8 million, driven by the core energy business. However, the company saw a significant decrease in net profit after tax, which dropped by 68% to $5.4 million. Despite the profit decline, TPC’s net assets increased by 5.7%, with total assets growing amid higher bank deposits and positive derivatives valuation.

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