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The latest update is out from Desane Group Holdings Ltd ( (AU:DGH) ).
Desane Group Holdings reported half-year EBIT of $0.8 million and NPAT of $0.2 million, with total assets steady at $103.9 million and net tangible assets at $1.69 per share. The group maintains low gearing at 33.5%, strong cash reserves of $11.3 million, and recently refinanced property debt on favourable terms while paying a special partially franked dividend.
Operationally, Desane improved its leasing profile, boosted earnings prospects for FY26 and FY27, and completed the $8.7 million sale of 13 Sirius Road, Lane Cove. The company is advancing its 1.2-hectare Thornton industrial project in Penrith, expected to deliver about 44 units and an estimated $40 million in gross realisation, which is positioned to make a tangible contribution to earnings through FY27 and FY28.
The most recent analyst rating on (AU:DGH) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Desane Group Holdings Ltd stock, see the AU:DGH Stock Forecast page.
More about Desane Group Holdings Ltd
Desane Group Holdings Limited is an Australian listed property company focused on industrial and commercial real estate. Its activities span property ownership, leasing, development and asset management, with a portfolio and pipeline concentrated in New South Wales, including projects such as the Thornton industrial development in Penrith.
Average Trading Volume: 6,334
Technical Sentiment Signal: Sell
Current Market Cap: A$34.36M
For a thorough assessment of DGH stock, go to TipRanks’ Stock Analysis page.