Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Magontec Limited ( (AU:MGL) ).
Magontec Limited reported a significant improvement in its financial performance for the nine months ending September 2025, with a 20.1% increase in gross profit compared to the previous year. The company’s CCP division saw a notable rise in revenues and gross profit, driven by a recovery in magnesium alloy recycling volumes and the launch of a new electronic anode product series. Despite challenging economic conditions in its key markets, the company benefited from improved economic conditions and the absence of costs associated with the closure of its Chinese magnesium alloy plant. The positive cash generation in the third quarter and increased net assets per share highlight the company’s strengthening financial position.
More about Magontec Limited
Magontec Limited operates in the manufacturing industry, focusing on magnesium anodes and electronic anodes. The company has production facilities in China, Romania, and Germany, and serves key markets in the US, Europe, and Asia. Its products are primarily used in the housing and construction sectors.
Average Trading Volume: 10,696
Technical Sentiment Signal: Sell
Current Market Cap: A$11.96M
See more data about MGL stock on TipRanks’ Stock Analysis page.