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An announcement from Advanced Braking Technology Limited ( (AU:ABV) ) is now available.
Advanced Braking Technology Ltd reported record revenue for the first half of FY25, with a 22.3% increase to $8.695 million, and a normalized net profit after tax increase of 234%. The company is expanding its international footprint, with significant growth in markets like Indonesia and Mongolia, and has launched BrakeIQ, a cutting-edge automatic braking system targeting the mining industry. This strategic move aims to capitalize on the growing demand for safety and automation technologies, positioning the company for continued growth and diversification of revenue streams.
More about Advanced Braking Technology Limited
Advanced Braking Technology Ltd is a leading supplier of fail-safe brakes for commercial vehicles in Australia, focusing on delivering innovative braking solutions. The company is known for its strategic engagement in international markets, particularly in North America, Southeast Asia, and North Asia, and is expanding its presence in the mining industry with its range of safety products.
YTD Price Performance: 10.0%
Average Trading Volume: 179,314
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$33.86M
For a thorough assessment of ABV stock, go to TipRanks’ Stock Analysis page.