Engenco Limited (ASX:EGN) Announces H1 FY25 Results
Financial Performance
Engenco Limited reported H1 FY25 revenue of $104.8 million, a decrease of 3.3% compared to H1 FY24. EBIT increased by 43.9% to $4.6 million, and net profit before tax rose 72.8% to $3.5 million. Net profit after tax was $2.4 million, up 61.6%.
Dividend Declaration
The directors declared an interim dividend of 0.5 cents per share, unfranked, payable on 28 March 2025 to shareholders on the register at 6 March 2025.
Executive Comments
Dean Draper, Engenco’s Managing Director and Chief Executive Officer, said “This result demonstrates stabilisation and a return to profitable growth. Strengthening operational performance remains a priority and we are gaining traction with the measures we have implemented to improve financial outcomes. Improved Group performance can be attributed to continued strengthening of our core operations. We relentlessly focus on how our product and service offering adds value for our customers. Implementation of our digital strategy will further support our efforts to enhance operational effectiveness.”
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