Austco Healthcare Limited (AU:AHC) has released an update.
Austco Healthcare Limited has reported a record-breaking fiscal year 2024, with revenues soaring to $58.2 million, a 39% increase, and net profits up by 213% to $7.1 million. The growth is attributed to strong organic performance and the strategic acquisitions of Teknocorp and Amentco, signaling a robust foundation for future expansion. Despite a slight dip in gross margin percentage due to the acquisitions, the company expects strategic initiatives to enhance margins in the medium term.
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