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Capral Limited Exceeds Earnings Guidance for FY24 Amid Market Challenges

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Capral Limited Exceeds Earnings Guidance for FY24 Amid Market Challenges

The latest announcement is out from Capral Limited ( (AU:CAA) ).

Capral Limited reported strong earnings for the full year 2024, surpassing guidance despite a slight decline from the previous year’s record. The company demonstrated resilience amid higher interest rates and inflationary pressures, maintaining a strong balance sheet with net cash of $68.9 million and declaring an unfranked final dividend of 40 cents per share. Capral’s diversified industry exposure and improved sales mix contributed to its performance, with a positive outlook for 2025 as the residential market is expected to improve.

More about Capral Limited

Capral Limited is Australia’s largest extruder and distributor of aluminium products, serving a diversified range of industries.

YTD Price Performance: -3.02%

Average Trading Volume: 11,477

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$164.4M

Learn more about CAA stock on TipRanks’ Stock Analysis page.

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