Matrix Composites & Engineering Ltd (AU:MCE) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Matrix Composites & Engineering Ltd reported a robust 80% increase in revenue to $85 million for FY24, driven largely by its subsea work in the oil and gas sector. The company achieved a net profit after tax of $3.6 million and entered FY25 with a strong cash position, setting the stage for continued growth. With new board members and a strategic focus on diversified revenue streams, Matrix is poised for another successful year ahead.
For further insights into AU:MCE stock, check out TipRanks’ Stock Analysis page.
