PWR Holdings Ltd. (AU:PWH) has released an update.
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PWR Holdings Ltd. has announced a significant expected decline in net profit after tax for the first half of FY25, ranging between $3.2 million to $3.7 million, compared to $9.8 million in the previous period. The company attributes this decline to reduced revenues in the OEM and Aftermarket segments due to volatile market conditions, although growth in Motorsports and Aerospace & Defence provides some stability. PWR is strategically investing in its Aerospace & Defence capabilities and new headquarters to position itself for future growth.
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