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Why Did Magontec’s Revenue Plunge 29% While Closing Qinghai Operation?
4:35am on Saturday 30th of August, 2025 AEST
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Manufacturing
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Why Did Magontec’s Revenue Plunge 29% While Closing Qinghai Operation?
4:35am on Saturday 30th of August, 2025 AEST
Key Points
Revenue down 29% to $29.47 million in H1 2025
Net loss after tax of $3.96 million, improved from prior period
Closure of Magontec Qinghai Co Ltd with a small profit contribution
No dividends declared for the half-year
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