Cardno Limited Reports Substantial Profit Growth

Cardno (AU:CDD) has released an update.

Cardno Limited has reported a significant turnaround in its financial performance, with a profit of $8.374 million for the year ended June 30, 2024, compared to a profit of $1.07 million in the previous year, marking a 683% increase. The increase in profits comes despite a 23% decrease in revenue from continuing operations. Additionally, the company paid out special dividends three times during the year, with net tangible assets per security decreasing to 18.07 cents from 52.25 cents.

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