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Orion Equities Limited (ASX:OEQ)

ALERT: Price-sensitive ASX Announcement for OEQ
Current share price for OEQ : $0.175 0.045 (34.62%)+
Announcement
Release
27 Feb 2025 6:19PM
Price at Release
$0.130
Full Release
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Summary
Orion Equities Limited (OEQ) reported significant financial developments for the half year ending on December 31, 2024. The company recorded total revenues of $123,584, a substantial increase from $33,043 in the prior year, primarily due to the termination payment from its iron ore royalty entitlement. A net loss before tax of $170,292 was reported, which includes a $100,000 unrealized loss on financial assets. The company recognized an income tax benefit of $1.41 million, leading to a profit after tax of $1,241,234, a remarkable recovery compared to the loss from the previous year. Despite this positive financial performance, no dividends were declared for the period, and the net tangible asset backing per share was reported at $0.415.
Key Points
  • Total revenues increased to $123,584 from $33,043.
  • Net loss before tax was $170,292.
  • Recognized an income tax benefit of $1.41 million.
  • Profit after tax amounted to $1,241,234.
  • No dividends were declared for the financial half year.
  • Net tangible asset backing per share reported at $0.415.
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.