Mitchell Services Limited (AU:MSV) has released an update.
Mitchell Services Limited reported a solid fourth quarter with a revenue of $56.0 million and an EBITDA of $9.9 million, marking a 29% increase in EBT compared to the previous fiscal year. The company achieved a significant reduction in net debt by 75% to $1.9 million and maintained a strong annual Return on Invested Capital at 16.5%. Despite a dip in utilization due to normalized contract operations, FY24 still saw a 21% increase in operating cash flow over FY23.
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