The latest announcement is out from XRF Scientific Limited ( (AU:XRF) ).
XRF Scientific Limited announced a record half-year revenue of $28.7 million, marking a 12% increase in net profit after tax to $5 million, driven by strong activity in the mining sector and international sales. The company’s Consumables division achieved a record profit before tax margin of 37%, supported by robust sales volumes and stable lithium prices, while the Precious Metals division experienced a rise in recurring orders from mining customers. The Capital Equipment division saw steady performance with strong global sales, albeit with a normalised run rate for new orders. XRF’s balance sheet remains strong with $8.1 million in cash, and the company is negotiating favorable terms for its Melbourne platinum factory debt.
More about XRF Scientific Limited
XRF Scientific Limited operates in the mining and laboratory industry, providing a range of products and services such as consumables, precious metals recycling, and capital equipment used in sample testing processes for mining production and exploration. The company focuses on international sales growth, particularly in Asia, the Americas, and Europe, leveraging their installed base of machines for recurring revenue.
YTD Price Performance: -3.33%
Average Trading Volume: 236,633
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$264.8M
For a thorough assessment of XRF stock, go to TipRanks’ Stock Analysis page.