SciDev Ltd (AU:SDV) has released an update.
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SciDev Ltd has reported a robust financial performance for FY24, marked by a 22% rise in group revenue and a remarkable 117% increase in EBITDA, driven by organic growth across all business units. The company’s Water Technology segment saw an impressive 88% top-line growth, while the Chemical Services segment benefited from higher gross margins through increased sales of proprietary products. With a healthy cash position and a strong balance sheet, SciDev is well-positioned for continued growth in its various sectors.
For further insights into AU:SDV stock, check out TipRanks’ Stock Analysis page.
