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The latest announcement is out from Eneco Energy ( (SG:R14) ).
Eneco Energy reported improved financial results for the six months ending December 2024, with its logistics division being the primary revenue driver. The company generated a net cash of S$3.0 million from operations and plans to focus on organic growth by enhancing operational efficiencies. Additionally, Eneco is looking to create a diversified business portfolio through mergers and acquisitions, aiming for profitable and cashflow-generative ventures. The change in the financial year end to June aligns with its major shareholder, Union Steel Holdings Limited, and avoids the busy corporate reporting period.
More about Eneco Energy
Eneco Energy Limited operates in the logistics industry with its main operations through Richland Logistics Services. The company focuses on providing logistics services and is pursuing both organic and inorganic growth strategies, including enhancing operational efficiencies and exploring M&A opportunities to diversify its business portfolio.
YTD Price Performance: -9.09%
Average Trading Volume: 20,856,495
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$23.17M
For a thorough assessment of R14 stock, go to TipRanks’ Stock Analysis page.
