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The latest announcement is out from Bisalloy Steel Group Ltd ( (AU:BIS) ).
Bisalloy Steel Group Ltd reported a 24.4% increase in profit after tax attributable to members for FY25, despite a decline in Australian production and sales due to reduced demand in Western Australia. The company benefited from higher gold prices, increased defense demand, and steady performance in its international subsidiaries and joint ventures, particularly in Indonesia, Thailand, and China. The company’s financial results were further bolstered by AUKUS-related deliveries and a profitable contribution from its Chinese joint venture.
The most recent analyst rating on (AU:BIS) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Bisalloy Steel Group Ltd stock, see the AU:BIS Stock Forecast page.
More about Bisalloy Steel Group Ltd
Bisalloy Steel Group Ltd operates in the steel industry, specializing in the production and distribution of high-strength, quenched, and tempered steel products. The company focuses on markets such as defense, mining, and construction, with a notable presence in regions including Australia, Indonesia, Thailand, and China.
Average Trading Volume: 84,905
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$207.4M
Learn more about BIS stock on TipRanks’ Stock Analysis page.