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Oldfields Holdings Ltd Reports Financial Turnaround Despite Revenue Dip

Story Highlights
  • Oldfields Holdings Ltd reported improved financial performance for the half-year ending December 2024.
  • Despite a revenue drop, the company saw increased profits and EBITDA, reflecting better efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Oldfields Holdings Ltd ( (AU:OLH) ) has issued an announcement.

Oldfields Holdings Ltd reported a significant improvement in its financial performance for the half-year ended 31 December 2024. Despite a 9.4% decrease in revenues from ordinary activities compared to the previous year, the company achieved a substantial increase in EBITDA, profit before income tax, and profit after tax attributable to members of the parent entity. This turnaround is indicative of improved operational efficiency and cost management, although no dividends were declared for the period.

More about Oldfields Holdings Ltd

YTD Price Performance: -25.71%

Average Trading Volume: 61,752

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$11.08M

See more data about OLH stock on TipRanks’ Stock Analysis page.

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