GR Engineering Reports Strong FY24 Results

GR Engineering Services Ltd (AU:GNG) has released an update.

GR Engineering Services Ltd has reported a solid FY24 with revenues of $424.1 million, an EBITDA of $50.9 million, and a pre-tax profit of $46.1 million, despite facing delays in contract awards. The company achieved consistent EBITDA margins and declared a fully franked final dividend of 10.0 cents per share, maintaining a robust balance sheet with a cash balance of $74.6 million. GR Engineering also highlighted the successful completion of major projects and anticipates growth from GR Production Services and Mipac, as well as a strong project pipeline and early contractor involvement in various studies.

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