Advance Nanotek Reports Stellar Jump in Profit Before Tax

  • Jan 18, 2020 AEDT
  • Team Kalkine

 

 

Advance Nanotek Limited (ASX: ANO) recorded profit before tax of $4.831 million for the six months ending December 2019, which is 2.75 times greater than the corresponding half December 2018. Sales revenue stood at $11.306 million compared to $4.743 million for 6 months to December 2018.

The company has also successfully commissioned more equipment to increase production capacity. Based on improvements to production process, the company can produce surplus of 3,000 tonne per annum.

The stock of ANO closed the day’s trading at $5.660 per share on 17 January 2020, no change from its previous closing price.

 

 

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