Boom Logistics Ltd (AU:BOL) has released an update.
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Boom Logistics Limited has reported a substantial financial turnaround in FY24, with a 26% surge in revenue to $259.2m and a profit of $6.6m, a remarkable recovery from the previous year’s $5.2m loss. The company attributes this success to project commencements, growth in key sectors, and effective cost and operational management, including a share buyback program. Looking ahead, Boom Logistics anticipates further profit growth in FY25, backed by a robust pipeline of new contracts and strategic initiatives in the renewables and infrastructure sectors.
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