Austal Limited (AU:ASB) has released an update.
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Austal Limited has reported a dip in total revenue to $718 million, attributed to fewer commercial orders in Australasia, despite a boost in EBIT and EBITDA from the prior year. The company’s net profit after tax (NPAT) saw an increase, albeit impacted by a significant U.S. tax charge, while the order book shows a promising $12.7 billion, reflecting the success of a strategic pivot three years ago. However, no dividend was declared as the firm focuses on capital expenditures, including investments in a San Diego support facility and dry dock, which also led to a reduction in net cash.
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