GR Engineering Services Reports Strong Half-Year Financial Performance

An update from GR Engineering Services Ltd ( (AU:GNG) ) is now available.

GR Engineering Services Limited announced robust financial results for the half year ending December 31, 2024, with a significant increase in revenue to $272.1 million and EBITDA to $34.5 million. The company maintained high project execution levels, contributing to a solid balance sheet with $111.8 million in cash and no borrowings. This financial strength led to an increased interim dividend, showcasing confidence in future opportunities and stability in operations.

More about GR Engineering Services Ltd

GR Engineering Services Limited is a company involved in engineering, design, and construction, focusing on projects within the energy, mineral processing, and iron ore sectors. The company provides operational technology, control systems, and maintenance services, primarily to the energy sector, and is engaged in a broad range of commodities and geographies.

YTD Price Performance: 15.79%

Average Trading Volume: 143,006

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$478.2M

See more data about GNG stock on TipRanks’ Stock Analysis page.