Aspermont (ASX:ASP) Reports Preliminary Results for FY2024
Financial Performance Overview
Aspermont (ASX:ASP) has announced its preliminary financial results for the year ending 30 September 2024. The company reported a 9% decrease in revenue from continuing operations, totalling A$17,486,000. In contrast, the net loss after tax from continuing operations increased by 43%, amounting to A$2,437,000.
Net Loss and EBITDA
The net loss attributable to equity holders of the parent entity decreased by 13% to A$1,487,000. The company observed a significant improvement in normalised EBITDA, showing a 119% increase with a total of A$328,000.
Net Tangible Assets and Dividends
Aspermont’s net tangible asset backing per ordinary share declined by 31% to 0.33 cents. No dividends were declared for the current period, as the dividend reinvestment plan remains suspended.
Executive Comments
Aspermont’s management has advised that these results should be considered with the audited Annual Report and Directors’ Report, expected to provide further insights into the company’s operations and financial standing.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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