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The latest announcement is out from Lindsay Australia Limited ( (AU:LAU) ).
Lindsay Australia Limited reported a mixed financial performance for the first half of the fiscal year, with a 4.3% increase in group revenue to $435.7 million, driven by strong results in its Rural division. Despite this growth, the company’s underlying EBITDA declined by 9.2% due to challenging macroeconomic conditions, increased competition, and operating costs. The company announced a fully franked dividend increase and a strategic acquisition of GJ Freight Pty Ltd to expand its operations in South-West WA. Lindsay’s investment of $22.2 million in fleet and infrastructure aims to reinforce its operational capacity and network reliability, supporting long-term growth and sustainability.
More about Lindsay Australia Limited
Lindsay Australia Limited is an integrated transport, logistics, and rural supply company operating in the transport and rural industries. The company focuses on providing transport and packaging solutions, with a strong presence in the rural supply market, particularly in the Wide Bay-Burdekin and Southern regions. It is expanding its operations into South-West Western Australia and the Goulburn Valley of Victoria.
YTD Price Performance: -2.27%
Average Trading Volume: 298,161
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$270.8M
For a thorough assessment of LAU stock, go to TipRanks’ Stock Analysis page.
