NRW Holdings Limited ( (AU:NWH) ) just unveiled an update.
NRW Holdings Limited reported a solid half-year financial performance with a 15.8% increase in revenue to $1.65 billion, driven by strong activity across its operational segments, particularly in the resources sector. Despite challenges such as contract changes and adverse weather conditions affecting margins, the company maintained a strong order book and cash position, signaling continued growth potential. The announcement also highlighted the impact of the OneSteel situation, where NRW is owed significant trade receivables, but it remains confident in recovering these amounts due to secured assets. The company’s outlook is positive, with expectations of further revenue growth and strategic opportunities supported by a strong tender pipeline.
More about NRW Holdings Limited
NRW Holdings Limited is a diversified provider of services to the resources, infrastructure, and urban development sectors. The company operates primarily in the civil, mining, and MET (Mining, Energy, and Technology) segments, with a strong focus on the Australian market. NRW is known for its significant contributions to major projects in these sectors, leveraging its expertise to secure a robust pipeline of tenders and contracts.
YTD Price Performance: -11.40%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €899.7M
Learn more about NWH stock on TipRanks’ Stock Analysis page.