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Environmental Group Limited ( (AU:EGL) ) has shared an announcement.
The Environmental Group Limited (EGL) has reported a 16.1% increase in revenue to $54.2 million for the half-year ending December 31, 2024. However, the company experienced a decline in key financial metrics, with EBITDA down 13.4% and profit attributable to equity holders down 30.5% to $1.44 million. The decrease in profits is attributed to cost overruns in a project within EGL’s Baltec IES business unit, as well as restructuring and ERP implementation costs. Despite these challenges, EGL’s net assets increased by $1.52 million, signaling a strengthened financial position.
More about Environmental Group Limited
YTD Price Performance: -17.19%
Average Trading Volume: 278,023
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$100.8M
For a thorough assessment of EGL stock, go to TipRanks’ Stock Analysis page.
