tiprankstipranks
Desane Group Posts Strong FY24 Results and Leadership Change
Company Announcements

Desane Group Posts Strong FY24 Results and Leadership Change

Desane Group Holdings Ltd (AU:DGH) has released an update.

Don't Miss Our Christmas Offers:

Desane Group Holdings Ltd reported solid financial results for FY24, with a net profit after tax of $1.65m and an increase in total assets by 3% to $101.65m, driven by growth in industrial and commercial property assets. Rental income saw a significant uptick of 12.3% from the previous year. Amidst these positive outcomes, the company announced the planned retirement of its long-serving Managing Director, Phil Montrone, who will be succeeded by Rick Montrone.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App