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The latest update is out from DGL Group Limited ( (AU:DGL) ).
DGL Group Limited announced a revision to its FY25 financial results, revealing an additional impairment to goodwill, increasing the statutory net loss after tax to $27.9 million. The company’s auditor issued a Disclaimer of Opinion due to issues with inventory management and internal control weaknesses, partly due to the implementation of a new ERP system. This has affected the reinstatement of DGL’s securities on the ASX. The company is addressing these issues by enhancing control systems and inventory management processes.
The most recent analyst rating on (AU:DGL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on DGL Group Limited stock, see the AU:DGL Stock Forecast page.
More about DGL Group Limited
DGL Group Limited operates in the chemical manufacturing industry, focusing on business and asset acquisitions. The company is currently undergoing a significant transformation program, including the integration of multiple accounting systems into a single Group-wide ERP system to enhance financial controls and reporting capabilities.
Average Trading Volume: 174,735
Technical Sentiment Signal: Buy
Current Market Cap: A$152.6M
See more insights into DGL stock on TipRanks’ Stock Analysis page.