GR Engineering Posts Strong FY24 Earnings

GR Engineering Services Ltd (AU:GNG) has released an update.

GR Engineering Services Ltd reported a FY24 revenue of $424.1 million with an increased EBITDA of $50.9 million, despite a drop in revenue compared to the previous year due to contract delays. The company also boasted the successful completion of significant projects, such as the Thunderbird Mineral Sands and Bellevue Gold projects, alongside a dividend declaration of 10 cents per share. Additionally, the firm saw a growth in its shareholder base, expanding from 3,346 to 4,563 shareholders.

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