Magontec Limited reported earnings results for the half year ended June 30, 2024. For the half year, the company reported net loss was AUD 5.25 million compared to net income of AUD 2.4 million a year ago. Basic loss per share from continuing operations was AUD 0.066 compared to basic earnings per share from continuing operations of AUD 0.031 a year ago. Diluted loss per share from continuing operations was AUD 6 compared to diluted earnings per share from continuing operations of AUD 2.8 a year ago.
Magontec is an Australia-based company that designs and manufactures magnesium alloys and cathodic corrosion protection products for industrial applications.