Simonds Group Ltd. (AU:SIO) has released an update.
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Simonds Group Ltd. reports a significant turnaround with a 117.2% increase in net profit after tax, reaching $4.0 million for the fiscal year ending June 30, 2024, despite an 8.2% decrease in revenue. The company saw an impressive 112.8% rise in profit after tax from continuing operations, which climbed to $3.0 million. Shareholders, however, did not receive dividends, similar to the previous year, while net tangible assets per share increased to 5.14 cents.
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