Wagners Holding Co. Reports Strong FY2024 Growth

Wagners Holding Co. Ltd. (AU:WGN) has released an update.

Wagners Holding Company Limited reported a robust financial performance for FY2024, with a Group Revenue of $481.4 million and a noteworthy net profit increase to $10.3 million, up a striking 229% from the previous fiscal year. The company’s success was attributed to the strength of its core Construction Materials & Services business and significant contributions from the Sydney Metro precast concrete project. Despite challenges in its CFT USA operations, Wagners reduced net debt and declared a final dividend of 2.5 cents per share, signaling strong ongoing trading conditions and a positive outlook for FY2025.

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