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Cosol Limited ( (AU:COS) ) has provided an update.
COSOL Limited reported strong financial results for the six months ending December 2024, with a 17.8% increase in revenue to $57.8 million and a 14.5% rise in net profit after tax to $4.3 million. The company’s growth was driven by new managed service contracts and a strategic acquisition of data analytics group Toustone, which enhanced COSOL’s position in digital solutions and enterprise asset analytics. Despite higher growth in lower-margin professional services, COSOL maintained a consistent operating margin of 14.1% and is well-positioned for further growth in revenue and profitability in the coming periods.
More about Cosol Limited
COSOL Limited is a leader in the asset-centric digital transformation market, providing proprietary IP software solutions and expertise in data transformation. The company focuses on sectors such as natural resources, energy, water, transport, and infrastructure, targeting blue-chip clients with its digital solutions and enterprise asset analytics capabilities.
YTD Price Performance: -4.81%
Average Trading Volume: 80,869
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$180.2M
See more insights into COS stock on TipRanks’ Stock Analysis page.