Big River Industries Ltd. (AU:BRI) has released an update.
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Big River Industries Ltd. reported a nearly 8% decline in revenue for FY24 due to a softening market, particularly in housing, but saw resilience in its commercial segment and growth in Western Australia. Despite challenges, the company maintained a strong cash position with a cash conversion ratio of over 98% and declared a fully franked dividend of 7.5 cents per share, reflecting financial discipline and a commitment to shareholder returns. Strategic initiatives, including the acquisition of Specialised Laminators Queensland, position the company well for future growth.
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