Business
LOVI: Q3 profit rebounded on resumed ore sales, with improved outlook but ongoing cash flow challenges
LOVI: Q3 profit rebounded on resumed ore sales, with improved outlook but ongoing cash flow challenges
About this update from Lovisagruvan Ab
Q3 2024 saw a return to profitability with 19.4 MSEK in revenue and 5.3 MSEK net profit, driven by resumed ore deliveries under a new sales agreement. Cash flow remains negative, but improved liquidity enables renewed development and exploration.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.