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Desane Group Projects Lower Earnings for Half-Year Ending December 2024

Story Highlights
  • Desane expects a significant drop in EBIT to $1.5-$1.6 million for the six months ended December 2024.
  • The final results await audit completion, with detailed performance to be released by February 28, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Desane Group Projects Lower Earnings for Half-Year Ending December 2024

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Desane Group Holdings Ltd ( (AU:DGH) ) just unveiled an update.

Desane Group Holdings Limited expects to report a significant decrease in earnings before interest and tax (EBIT) to between $1.5 million and $1.6 million for the six months ended 31 December 2024, compared to $3.6 million in the previous corresponding period. The final results are pending the completion of an audit review, with detailed operational performance to be disclosed with the audited financial statements on or before 28 February 2025. This anticipated drop in EBIT may impact Desane’s financial positioning and could influence stakeholder decisions.

More about Desane Group Holdings Ltd

Desane Group Holdings Limited is a leading property investment and development company based in Sydney, Australia. The company emphasizes integrity, work ethic, and excellence to ensure maximum value for its shareholders.

YTD Price Performance: 7.56%

Average Trading Volume: 13,020

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$37.84M

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

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