Boom Logistics Ltd (AU:BOL) has released an update.
Boom Logistics Ltd reported a robust financial year with a 26% revenue increase to $259.2 million, and a notable turnaround from a $5.2 million loss to a $6.6 million profit. The company highlighted strong growth across resources, infrastructure, and renewables sectors, improved operations, and strategic capital expenditures, including an on-market share buy-back. Despite the increased capital spending, Boom maintains a healthy gearing ratio and has secured sufficient debt facilities to support future growth.
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