Supply Network Limited ( (AU:SNL) ) just unveiled an announcement.
Supply Network Limited reported a strong performance in the first half of FY2025, with a 17.8% increase in revenue and a 31.6% rise in profit after tax. The company has been enhancing its systems to improve transaction efficiency and customer service, while also expanding its network capacity to support future growth. Despite challenges from new vehicle entrants and skilled labor shortages, Supply Network Limited is positioning itself as a major alternative supplier for high-quality replacement parts. The company is also advancing its 3-Year Plan to achieve $450 million in revenue by FY2028, supported by strategic investments and shareholder backing through its Dividend Reinvestment Plan.
More about Supply Network Limited
Supply Network Limited operates in the automotive industry, focusing on the distribution of high-quality replacement parts for trucks. The company targets private fleet workshops and independent repairers, leveraging investments in unique alternative services to cater to these customer segments.
YTD Price Performance: 11.09%
Average Trading Volume: 28,473
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.58B
For a thorough assessment of SNL stock, go to TipRanks’ Stock Analysis page.