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Fleetwood Limited ( (AU:FWD) ) just unveiled an announcement.
Fleetwood Limited has announced that the Saipem Clough Joint Venture (SCJV) has opted to expand its accommodation requirements at Fleetwood’s Searipple Village in Karratha. This expansion, secured under a take-or-pay agreement, increases the expected occupancy rate to 80% for FY25, up from the previously projected 72%, resulting in an anticipated additional revenue of approximately AU$6.0 million. This development is expected to positively impact Fleetwood’s earnings for FY25, with more detailed financial results to be released later in February.
More about Fleetwood Limited
Fleetwood Limited operates in the accommodation industry, offering services primarily focused on providing temporary housing solutions. The company has a significant market presence in regions requiring accommodations for large-scale projects, such as those in the mining and construction sectors.
YTD Price Performance: 11.88%
Average Trading Volume: 540
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €111M
For an in-depth examination of FWD stock, go to TipRanks’ Stock Analysis page.
