Acrow Formwork and Construction Services Limited (AU:ACF) has released an update.
Acrow Formwork and Construction Services Limited announced significant financial growth in FY24, with a 28% increase in group revenue to $215.3m and a 40% rise in EBITDA to $74.6m. The company’s strategic acquisitions and expansion in its Industrial Services division contributed to this performance, alongside a record final dividend increase of 11% to 3.0 cents per share. Despite a higher effective tax rate, the company’s underlying NPAT grew by 8% and forecasts for FY25 suggest a 20% revenue growth and continued EBITDA expansion.
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