Cardno Reports Profit, Plans Asset Liquidation

Cardno (AU:CDD) has released an update.

Cardno Limited reported a FY24 Net Profit after Tax of $8.4 million and paid out special dividends totaling 55.3 cents per share, despite a decline in gross and fee revenue by 23.2%. The company is focused on liquidating assets, including a potential sale of ENTRIX, and returning cash to shareholders, while also considering the potential wind-up of operations if costs outweigh benefits.

For further insights into AU:CDD stock, check out TipRanks’ Stock Analysis page.