Dusk Group Reports Sales Decline but Remains Optimistic

Dusk Group Ltd. (AU:DSK) has released an update.

Dusk Group Limited reported a decline in FY24 sales by 7.9% to $126.7m, with a slight improvement in gross profit margins and a pro forma EBIT of $6.2m, down from $16.5m in FY23. Despite the sales downturn, dusk’s strategic initiatives led to an improved second-half performance and the company is optimistic for FY25, marked by a strong start with the Allen’s x dusk collaboration. Shareholders will see a full-year dividend of 6.5 cents per share, with expectations of capital management activities in the latter half of FY25.

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