tiprankstipranks
Lindsay Australia Reports Strong Revenue Growth Amid Challenges
Company Announcements

Lindsay Australia Reports Strong Revenue Growth Amid Challenges

Lindsay Australia Limited (AU:LAU) has released an update.

Don't Miss our Black Friday Offers:

Lindsay Australia Limited reported a robust financial performance for the past year, with revenue increasing by 18.9% to $804.4 million, despite a 17% decrease in profit after tax due to higher interest and depreciation costs. The company’s Transport division saw significant growth, contributing to increased sales, while the Rural division faced challenges but showed signs of recovery in the latter part of the year. The Board declared a fully franked dividend, maintaining last year’s level, underscoring Lindsay’s solid market position.

For further insights into AU:LAU stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App