Silk Logistics’ Promising Acquisition and Strong Growth

Silk Logistics Holdings Ltd. (AU:SLH) has released an update.

Silk Logistics Holdings Ltd. has entered a promising agreement with DP World Australia, which aims to acquire the company for $2.14 per share, offering shareholders attractive value. Despite global economic challenges, Silk reported substantial growth in FY24, with a 13.9% increase in revenue and an 11% rise in EBITDA. The company continues to expand its capabilities, particularly with the acquisition of Secon Freight Logistics, reinforcing its position as a leading national logistics provider.

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