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Korvest Ltd. ( (AU:KOV) ) has issued an announcement.
Korvest Ltd reported a 1.1% decline in revenues and a significant 28.5% drop in net profit after tax for the half-year ending December 2024. This decline is attributed to the timing of project activities and one-off costs related to operational issues in galvanising and an engineering claim, although some future insurance recoveries are anticipated. Despite the profit drop, the company maintained its interim dividend at 25.0¢ per security, consistent with the previous period, and increased the final dividend to 40.0¢ per security.
More about Korvest Ltd.
YTD Price Performance: 3.21%
Average Trading Volume: 7,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$124M
See more insights into KOV stock on TipRanks’ Stock Analysis page.
