Environmental Group Limited (AU:EGL) has released an update.
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The Environmental Group Limited (ASX: EGL) anticipates a lower-than-expected increase in FY25 Normalised EBITDA, now projected at 10-15% over FY24, due to cost overruns in a gas turbine project in Singapore. Despite this setback, the company reports strong revenue performance across its business units, reflecting its robust operations in environmental solutions. The company is conducting a review to prevent future issues and maintain its growth trajectory.
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