Austin Engineering Boasts Strong FY24 Growth

Austin Engineering Limited (AU:ANG) has released an update.

Austin Engineering Limited has reported robust financial growth ahead of its full FY24 results, with operating cashflow exceeding $37 million and an increase in the order book by approximately 30% year-over-year to $186.3 million. The company has reversed its net debt position from FY23, boasting a net cash position of $9.6 million, and reiterates its expected NPAT of $31 million to $33 million, indicating a substantial growth of about 75% from the previous fiscal year.

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