Macmahon Holdings Limited (AU:MAH) has released an update.
Macmahon Holdings Limited has reported a strong financial performance for FY24 with a record revenue of $2.0 billion, up 6.6%, and significant growth in underlying earnings. The company has also strengthened its balance sheet, reduced net debt, and is focusing on diversification and lowering capital intensity, with strategic acquisitions and a substantial increase in its tender pipeline. Looking forward, Macmahon anticipates a positive FY25 with projected revenue growth of at least 20% and earnings growth of at least 14%.
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