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MLG Oz Ltd ( (AU:MLG) ) just unveiled an update.
MLG Oz Ltd reported a strong financial performance for the first half of FY2025, with a 20.5% increase in revenue to $272.9 million compared to the previous year. Despite a decrease in net profit after tax to $4.1 million, MLG’s continued investment in fleet capacity and acquisition of new contracts positions it for further growth. The company anticipates improved profitability in the second half of the year as it deploys new equipment and capitalizes on the high demand for its services in the gold industry.
More about MLG Oz Ltd
MLG Oz Limited operates in the mining services industry, providing integrated services including mine site services, bulk haulage, crushing and screening, and export logistics. The company focuses on serving the gold industry and has shown significant growth driven by high demand for its services.
YTD Price Performance: 21.82%
Average Trading Volume: 170,468
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$98.9M
See more insights into MLG stock on TipRanks’ Stock Analysis page.
