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An announcement from Southern Cross Electrical Engineering Limited ( (AU:SXE) ) is now available.
Southern Cross Electrical Engineering Limited announced record financial results for the half year ending December 2024, with revenue of $397.4 million, a 55.5% increase from the previous year. The company’s infrastructure sector was a major contributor, particularly the Collie Battery Energy Storage System project in Western Australia. SCEE also reported record EBITDA and net profit after tax, a strong cash position with no debt, and a significant increase in interim dividends. Despite legal costs impacting gross margins, the company maintained operational efficiency and reiterated its positive outlook for future growth.
More about Southern Cross Electrical Engineering Limited
Southern Cross Electrical Engineering Limited (SCEE Group) is a company operating in the electrical engineering industry, providing a range of services across infrastructure, commercial, and resources sectors. The company is primarily focused on delivering electrical and instrumentation services to major projects in these industries, with significant operations in Australia.
YTD Price Performance: 1.10%
Average Trading Volume: 5,330
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €245.8M
For detailed information about SXE stock, go to TipRanks’ Stock Analysis page.
