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The latest announcement is out from Eneco Refresh Limited ( (AU:ERG) ).
Eneco Refresh reported a 4% increase in second-quarter revenue to A$4.82 million and 6% growth in year-to-date revenue to A$9.0 million compared with the prior year, driven mainly by solid gains in its Refresh Waters business and steady year-to-date growth in Refresh Plastics. Water sales rose 8% in the quarter and 6% year to date, including a record revenue month in December, while Refresh Plastics delivered an 8% year-to-date revenue increase despite a 14% quarterly decline due to a one-off promotional sale in the prior year, with the plastics division remaining profitable each month. The company highlighted ongoing cost-management efforts amid rising freight and input costs, including initiatives to improve efficiency, reduce cost of goods, and expand product offerings, signalling continued focus on operational resilience and growth opportunities for shareholders and other stakeholders.
The most recent analyst rating on (AU:ERG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eneco Refresh Limited stock, see the AU:ERG Stock Forecast page.
More about Eneco Refresh Limited
Eneco Refresh Limited is an ASX-listed company operating primarily through its Refresh Waters and Refresh Plastics divisions, supplying bottled water and related water products as well as plastic goods across multiple Australian states and territories. Its market focus spans Western Australia, New South Wales, Victoria, Northern Territory and Queensland, where it distributes its products through a variety of commercial channels.
Average Trading Volume: 131,135
Technical Sentiment Signal: Hold
Current Market Cap: A$4.36M
Find detailed analytics on ERG stock on TipRanks’ Stock Analysis page.