Engenco Limited ( (AU:EGN) ) has shared an announcement.
Engenco Limited reported a net profit before tax of $3.5 million for H1 FY25, a significant increase from the previous year, driven by stronger margins and disciplined cost management. Despite a slight decline in overall revenue, the company saw improved performance in its Gemco Rail division and declared an interim dividend, reflecting confidence in future performance. The company is focusing on operational performance and implementing a digital strategy to enhance effectiveness, with notable contributions from its Drivetrain and Gemco Rail divisions.
More about Engenco Limited
Engenco Limited is an engineering services group specializing in the transportation industry. It provides a range of services and products including technical products and services for the mining, energy, transport, and defense industries, as well as rolling stock maintenance and products for the Australian and New Zealand rail markets.
YTD Price Performance: -2.78%
Average Trading Volume: 49,151
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$55.3M
Find detailed analytics on EGN stock on TipRanks’ Stock Analysis page.