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Cryosite Limited (ASX:CTE)

ALERT: Price-sensitive ASX Announcement for CTE
Current share price for CTE : $1.150 0.37 (47.44%)+
Announcement
Release
20 Feb 2025 5:01PM
Price at Release
$0.780
Full Release
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Summary
For the half-year ended 31 December 2024, Cryosite Limited reported an increase in revenue and profit compared to the previous period. Revenue from ordinary activities rose to $6.64 million, a 4% increase from $6.40 million, while net profit after tax was $838,000, down slightly from $846,000. The company declared a final unfranked dividend of 2 cents per share, reflecting a 33% increase from the prior year's dividend. The results indicate strong operational efficiencies and a focus on scaling the business with no debt and cash reserves of $4.49 million as of the reporting date.
Key Points
  • Revenue increased by 4% to $6.64 million.
  • Net profit after tax decreased by 1% to $838,000.
  • Final unfranked dividend declared at 2 cents per share, a 33% increase from last year.
  • Cash reserves stood at $4.49 million with no debt.
  • Strong operational efficiencies achieved during the period.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.