Silk Logistics Holdings Ltd. (AU:SLH) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Silk Logistics Holdings Ltd. has reported a robust financial performance for FY24, with a 13.9% revenue growth to $556.4 million, despite challenges from shifting inventory strategies. The company increased its underlying EBITDA by 11% and expanded its customer base, while also focusing on sustainability initiatives like the award-winning Kenwick site. Acquisitions such as Secon have bolstered Silk’s growth prospects, contributing significantly to its revenue and positioning the company well for future opportunities.
For further insights into AU:SLH stock, check out TipRanks’ Stock Analysis page.