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The latest update is out from Avada Group Limited ( (AU:AVD) ).
AVADA Group Limited reported a decline in revenue to $91 million for the first half of FY25, impacted by challenging market conditions, government funding reallocations, and union activity affecting project timelines and bidding competitiveness. The company faced a statutory loss of $9.6 million, attributed mainly to a $9.7 million impairment loss from its New Zealand operations. Despite these challenges, AVADA remains optimistic about future growth, especially in infrastructure maintenance and civil services, supported by preferred supplier arrangements and prospects in New South Wales. The company is undergoing a leadership transition with Donald Montgomery set to become the new CEO, aiming to leverage his experience to drive future growth.
More about Avada Group Limited
AVADA Group Limited is a leading independent Australian traffic management operator and ancillary service provider. It has an established and extensive network across Queensland, New South Wales, Victoria, and New Zealand, offering services to government clients and major contractors in the civil infrastructure and maintenance sector.
Average Trading Volume: 11,887
Technical Sentiment Consensus Rating: Strong Buy
For detailed information about AVD stock, go to TipRanks’ Stock Analysis page.