Mayfield Group Holdings Limited (AU:MYG) has released an update.
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Mayfield Group Holdings Ltd reported a dip in yearly profit after tax by 12% but remains financially solid with increased revenues and strong liquidity, enabling them to sustain dividend payments. Despite challenges in the telecommunications sector, the company saw gains in manufacturing and power services, and improved its balance sheet through asset revaluations and proactive efficiency strategies. The firm is also focusing on growth opportunities in Mayfield Services, particularly in Western Australia and South Australia.
For further insights into AU:MYG stock, check out TipRanks’ Stock Analysis page.