Babylon Reports Strong Revenue Growth and Profit

Babylon Pump & Power Ltd (AU:BPP) has released an update.

Babylon Pump & Power Limited reported a robust financial performance for the fiscal year ending June 30, 2024, with revenues surging by 28% to $41.7 million, and a significant turnaround to a profit of $508,027 from a loss in the previous year. The company also saw a 133% increase in earnings per share, although no dividends were declared for the current or previous year. Furthermore, Babylon’s net tangible assets per security showed a slight increase from the prior year.

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