Motley Fool March 4 ‘Strong tailwinds’ XRF Scientific Limited...

Motley Fool March 4
‘Strong tailwinds’ XRF Scientific Limited (ASX: XRF) also services the mining industry but with more scientific activities, such as chemical analysis. According to Medallion Financial Group director Philippe Bui, the company put up “solid results” for the first half. “Revenue grew by 24% and net profit after tax increased by 17%,” he said. “Also, results indicated continuing momentum into the second half, with record orders.” With the resources sector basking in increasing commodity prices, Bui sees more upward movement for the XRF Scientific share price. “Increasing capital expenditure is expected in the mining exploration sector, which should provide strong tailwinds for XRF.”