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Eneco Refresh Limited ( (AU:ERG) ) has provided an announcement.
Eneco Refresh Limited reported strong financial performance in the second quarter of 2024, with a notable 9% revenue increase in its Refresh Waters division driven by higher summer demand, leading to record monthly revenues in several branches. Despite increased freight and logistics costs, the company improved its financial position through efficiency enhancements and pricing strategies. Meanwhile, Refresh Plastics transitioned to an outsourced production model following the loss of its facility, maintaining stable revenues and achieving profitability each month of the quarter.
More about Eneco Refresh Limited
Eneco Refresh Limited operates in the water and plastics industry, focusing on providing bottled water through its Refresh Waters division and plastic products via Refresh Plastics. The company serves various markets, primarily in Australia, with branches in Sydney, Brisbane, Toowoomba, and Kalgoorlie.
YTD Price Performance: -25.00%
Average Trading Volume: 287,772
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$4.09M
For an in-depth examination of ERG stock, go to TipRanks’ Stock Analysis page.
