Silk Logistics Holdings Ltd. ( (AU:SLH) ) just unveiled an announcement.
Silk Logistics Holdings Limited reported a 4.1% increase in revenue for the half-year ending December 29, 2024, compared to the previous year. However, the company experienced a significant decline in underlying net profit after tax (UNPAT), which fell by 68.7% to $2.388 million. The company also reported a net loss of $2.146 million, a stark contrast to the profit of $6.176 million in the previous period. No interim dividend was declared for the current period, reflecting the financial challenges faced by the company. The results were impacted by significant items related to merger and acquisition activities, corporate restructuring costs, and the remeasurement of deferred consideration for previous acquisitions. These financial outcomes highlight the challenges Silk Logistics faces in maintaining profitability amidst strategic changes and market conditions.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on offering efficient and reliable logistics services to its clients, enhancing their market competitiveness.
YTD Price Performance: -0.48%
Average Trading Volume: 268,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$169.6M
For a thorough assessment of SLH stock, go to TipRanks’ Stock Analysis page.