Desane Group Holdings Ltd (AU:DGH) has released an update.
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Desane Group Holdings Ltd reported a solid financial performance for FY24, achieving a net profit after tax of $1.6 million and a 3% increase in total assets to $101.6 million. Despite trading at a 46% discount to its net tangible assets per share, Desane remains committed to narrowing this gap while maintaining a stable balance sheet amidst rising interest rates. The company plans to leverage its strong asset base to support future growth, focusing on development projects in Penrith and Wacol.
For further insights into AU:DGH stock, check out TipRanks’ Stock Analysis page.