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Simonds Group Ltd. ( (AU:SIO) ) has issued an announcement.
Simonds Group Ltd., a company in the construction industry, reported its half-year financial results ending on December 31, 2024. The company’s revenue from ordinary activities decreased by 5.6% to $318.1 million, while profit before tax from continuing operations rose by 20% to $3 million. Despite a decline in overall profit after tax by 24% to $1.9 million, the net tangible asset backing per ordinary share increased. This mixed performance, with both revenue decline and profit improvements in certain areas, suggests a complex operational period for Simonds Group Ltd., with potential implications for stakeholders depending on future strategic adjustments.
More about Simonds Group Ltd.
YTD Price Performance: 35.71%
Average Trading Volume: 31,355
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$68.38M
Find detailed analytics on SIO stock on TipRanks’ Stock Analysis page.
