MATRIX Composites & Engineering has announced a net loss after tax of A$6.6 million for the first half of the financial year, half what it was over the same time last year, but with revenue lower than the same period, standing at $11.9 million versus $22.9 million.
This is largely down to subdued market demand for its buoyancy products given a low oil price, but revenue has actually risen compared with the prior six months, which it attributes to its...
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