Advance ZincTek (ASX:ANO) said it currently expects a profit before tax of around AU$1.8 million in the fiscal year, compared with the loss before tax of AU$990,000 in fiscal year 2024, according to a Tuesday Australian bourse filing.
It said its sales revenue for fiscal 2025 to date came in at AU$10.7 million, compared to AU$9.5 million for the full year fiscal 2024, due to a pickup in sales in the US and closure of Perth facilities.
A one-off non-cash expense of AU$121,000, related to a staff share issue and Perth staff redundancy arrangements, additional amortization of AU$88,000 relating to capitalized product development costs, a reduction in sales due to the loss of a major customer for its White Sapphire Matte product, and costs associated with the transfer and the installation of Perth production equipment to the Brisbane facility negatively impacted the result.
The firm's board is considering a capital management initiative.
Its shares rose over 2% in recent trading on Tuesday.
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