Monadelphous Group Limited (ASX:MND) Reports Strong Half-Year Profit
Profit Performance
Monadelphous Group Limited (ASX: MND) announced that its Profit after Tax for the six months ending 31 December 2024 is projected to exceed consensus estimates. Initial drafts indicate a strong performance, with Profit after Tax expected to range between $40 million and $43 million.
Operational Insights
The expected results reflect a $7 million favourable variance in non-operating items compared to the previous corresponding period. Operational margins have also shown improvement, consistent with comments made during the company’s AGM in November 2024. The final financial results are pending the completion of the reporting process and auditor review.
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