Empress Royalty Reports Profitability in 2024 Earnings
Empress Royalty's full-year 2024 earnings report shows a significant turnaround from the previous year, with revenue increasing by 128% to US$8.02m and net income rising to US$1.01m, compared to a loss of US$2.93m in FY 2023. The company's profit margin improved to 13%, driven by higher revenue, which led to an earnings per share (EPS) of US$0.009, up from a loss of US$0.025 in FY 2023. This marked a successful transition for the company, following its efforts to strengthen its operations and improve financial performance.
- The substantial increase in revenue and net income demonstrates Empress Royalty's ability to adapt and respond to changes in its industry, potentially positioning it for continued growth in the future.
- How will this newfound profitability impact Empress Royalty's ability to attract new investors and expand its market share in the coming years?