tiprankstipranks
Advanced Braking Tech Reports Record Growth
Company Announcements

Advanced Braking Tech Reports Record Growth

Advanced Braking Technology Limited (AU:ABV) has released an update.

Don't Miss Our Christmas Offers:

Advanced Braking Technology Ltd has reported strong financial results for FY24, with a 12% increase in revenue and a 15.62% rise in net profit after tax. The company has successfully executed its 2026 strategic roadmap, leading to sustained growth, innovative product developments like the new Failsafe Sealed Integrated Brake Systems for the TOYOTA Hilux, and a robust financial position with higher cash reserves. CEO Andrew Booth expressed pride in the record-breaking performance and optimism for continued growth in the upcoming fiscal year.

For further insights into AU:ABV stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App