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Magnis Resources Revenue

What is the Revenue of Magnis Resources?

The Revenue of Magnis Resources Limited is AUD$50.678M

What is the definition of Revenue?



Revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers.

ttm (trailing twelve months)

Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period.

In accounting, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.

Revenue of companies in the Technology sector on ASX compared to Magnis Resources

What does Magnis Resources do?

Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in southeast Tanzania. It also engages in the lithium-ion Battery investments. The company was formerly known as Magnis Resources Limited and changed its name to Magnis Energy Technologies Limited in November 2018. Magnis Energy Technologies Limited was incorporated in 2005 and is based in Sydney, Australia.

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