Finbar Group Limited ( (AU:FRI) ) has provided an announcement.
Finbar Group Limited reported a net profit of $9.4 million for the half-year ending 31 December 2024, driven by the successful sale of completed stock from major projects like Civic Heart, Aurora, and The Point. The company anticipates an additional $120 million in cash from these sales, which will support new construction projects and future development opportunities, positioning Finbar strongly in the market amid favorable housing policies and undersupply conditions.
More about Finbar Group Limited
Finbar Group Limited is a leading apartment development company based in Western Australia. The company specializes in the development of residential apartments and focuses on projects that cater to the housing market in the region.
YTD Price Performance: 5.00%
Average Trading Volume: 65,146
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$228.6M
See more insights into FRI stock on TipRanks’ Stock Analysis page.