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Macmahon Holdings Reports Revenue Increase Amid Decline in Profits

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Macmahon Holdings Reports Revenue Increase Amid Decline in Profits

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Macmahon Holdings Limited ( (AU:MAH) ) has provided an announcement.

Macmahon Holdings Limited reported a 21.98% increase in revenue to AUD 1,178.7 million for the six months ending 31 December 2024, compared to the same period in the previous year. However, profit after tax decreased by 17.83% to AUD 30 million. This financial outcome reflects a challenging period for the company, impacting its earnings per share, which fell by 18.97%. The interim dividend declared is 0.550 cents per share, with a franked amount of 0.236 cents, payable on 10 April 2025.

More about Macmahon Holdings Limited

Macmahon Holdings Limited is an ASX-listed company providing comprehensive mining services across Australia and Southeast Asia. With expertise in both surface and underground mining, Macmahon is recognized as a preferred contractor for resources projects in various locations and commodity sectors. The company prioritizes strong client relationships to achieve mutually beneficial outcomes while minimizing risks.

YTD Price Performance: -6.45%

Average Trading Volume: 73,250

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $433.8M

Learn more about MAH stock on TipRanks’ Stock Analysis page.

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