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Bhagwan Marine Ltd. ( (AU:BWN) ) has shared an update.
Bhagwan Marine Limited reported a significant financial performance improvement for the half-year ending December 31, 2024. The company’s revenue increased by 41% compared to the same period in 2023, reaching AUD 154.1 million. Earnings before interest and taxes (EBIT) rose by 45% to AUD 13.5 million, and net profit attributable to members doubled to AUD 8.8 million. Despite these positive results, no dividend was declared for the period. The company’s net tangible asset backing per share also increased from AUD 0.32 to AUD 0.52, indicating a stronger financial position.
More about Bhagwan Marine Ltd.
YTD Price Performance: -4.76%
Average Trading Volume: 222,915
Technical Sentiment Consensus Rating: Hold
Learn more about BWN stock on TipRanks’ Stock Analysis page.