Desane Group Reports Resilient FY24 Financial Performance

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

Desane Group Holdings Ltd reported a solid financial performance for FY24, achieving a net profit after tax of $1.6 million and a 3% increase in total assets to $101.6 million. Despite trading at a 46% discount to its net tangible assets per share, Desane remains committed to narrowing this gap while maintaining a stable balance sheet amidst rising interest rates. The company plans to leverage its strong asset base to support future growth, focusing on development projects in Penrith and Wacol.

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