Johns Lyng Group Reports Revenue Decline and Strategic Acquisitions

Johns Lyng Group Ltd ( (AU:JLG) ) just unveiled an announcement.

Johns Lyng Group Limited reported a 6.1% decrease in revenue and a 38.1% drop in profit for the half-year ending December 2024. Despite the financial downturn, the company expanded its market presence by acquiring significant stakes in Chill-Rite HVAC, SSKB Strata, and Keystone Group, enhancing its service offerings in HVAC and strata management. The interim dividend was reduced to 2.5 cents per share, reflecting a cautious approach amidst declining profits.

More about Johns Lyng Group Ltd

Johns Lyng Group Limited operates in the building and restoration services industry, providing a range of services including insurance building and restoration, heating, ventilation, air-conditioning, and strata management. The company focuses on the Australian market, with a particular emphasis on the east coast.

YTD Price Performance: 1.87%

Average Trading Volume: 844,487

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$1.07B

See more data about JLG stock on TipRanks’ Stock Analysis page.