Johns Lyng Group Ltd ( (AU:JLG) ) has shared an announcement.
Johns Lyng Group Limited responded to an ASX inquiry regarding its earnings expectations for the half-year ending December 2024. The company clarified that its earnings did not materially differ from market expectations, despite a slight downgrade in its guidance for the fiscal year ending June 2025. The updated guidance indicated a 5% decrease in sales revenue and a 4.5% decrease in EBITDA compared to previous estimates. The company emphasized that these variances were not significant enough to impact the market value of its securities.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited operates in the building and construction industry, providing insurance building and restoration services. The company focuses on delivering solutions for property damage and disaster recovery, serving a range of clients including insurance companies and property owners.
YTD Price Performance: -33.42%
Average Trading Volume: 2,364,400
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$676.6M
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