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Monadelphous Group Limited ( (AU:MND) ) has shared an announcement.
Monadelphous Group Limited has announced that its Profit after Tax for the six months ending 31 December 2024 is expected to surpass consensus estimates, potentially reaching between $40 million and $43 million. This positive outlook is attributed to a $7 million favorable variance in non-operating items and improved operating margins. The final financial results are pending completion of the half-year reporting process and auditor review, reflecting a positive impact on the company’s financial performance and potentially enhancing its industry standing.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering company providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two main divisions: Engineering Construction, which offers project management and construction services, and Maintenance and Industrial Services, which focuses on mechanical and electrical maintenance services. Headquartered in Perth, Western Australia, Monadelphous has a significant presence in Australia and operates in countries such as China, Mongolia, Papua New Guinea, and the Philippines.
YTD Price Performance: 1.81%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €852.5M
Learn more about MND stock on TipRanks’ Stock Analysis page.
