Magontec Third Quarter 2024 Earnings: AU$0.028 loss per share (vs AU$0.012 loss in 3Q 2023)

Magontec (ASX:MGL) Third Quarter 2024 Results

Key Financial Results

• Revenue: AU$16.7m (down 20% from 3Q 2023).
• Net loss: AU$2.22m (loss widened by 130% from 3Q 2023).
• AU$0.028 loss per share (further deteriorated from AU$0.012 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Magontec Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Be aware that Magontec is showing 1 warning sign in our investment analysis that you should know about...

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