Engenco Limited Reports Increased Profit Despite Revenue Decline

Engenco Limited ( (AU:EGN) ) just unveiled an update.

Engenco Limited reported a 3.3% decrease in revenue for the half-year ended December 31, 2024, amounting to $104.8 million compared to the previous year. Despite the drop in revenue, the company experienced a significant 61.6% increase in net profit after tax, reaching $2.4 million. This improvement in profitability is reflected in the interim dividend of 0.5 cents per security, with payment scheduled for March 28, 2025. The net tangible assets per ordinary share also saw a slight increase to $0.27.

More about Engenco Limited

YTD Price Performance: -2.78%

Average Trading Volume: 49,151

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$55.3M

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