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Ventia Services Group Limited ( (AU:VNT) ) just unveiled an update.
Ventia Services Group Limited reported a robust financial performance for the year ending December 2024, with a 12.8% increase in NPATA to $227.9 million, surpassing expectations. The company announced a $100 million share buyback, reflecting its strong capital position while continuing to pursue growth opportunities. Ventia’s revenue grew by 7.6% to $6.1 billion, driven by key contract wins in various sectors, including a $2 billion Telstra agreement. Despite a slight increase in safety incidents, the company is advancing its sustainability goals, achieving an 11.4% reduction in market-based emissions. The announcement also highlighted Ventia’s commitment to maintaining ethical business practices amidst ongoing legal proceedings related to competition law allegations.
More about Ventia Services Group Limited
Ventia Services Group Limited operates within the essential services industry, focusing on infrastructure services, telecommunications, defense, and transport. The company is known for providing contract-based services and has a strong market presence with significant growth in sectors such as telecommunications and infrastructure.
YTD Price Performance: 6.94%
Average Trading Volume: 2,626,214
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$3.29B
See more data about VNT stock on TipRanks’ Stock Analysis page.
