Joyce Corporation Ltd ( (AU:JYC) ) has issued an update.
Joyce Corporation Ltd reported its financial results for the first half of FY25, showing stable operational performance despite challenging trading conditions. The company achieved a revenue of $73.4 million, a slight increase from the previous year, but experienced a decline in EBIT and NPAT due to cost pressures and one-off expenditures. The KWB Group maintained its market leadership in kitchen and wardrobe renovations, with a strong order performance despite reduced foot traffic. Joyce remains financially robust, ending the period with a net cash position of $31.8 million, and declared an interim dividend of 10.5 cents per share.
More about Joyce Corporation Ltd
Joyce Corporation Ltd operates in the retail industry, focusing on kitchen and wardrobe renovations through its KWB Group and Bedshed businesses. The company is known for its ‘do it for me’ approach, providing installation services for kitchens and wardrobes, and has maintained a strong market presence despite challenging conditions.
YTD Price Performance: -7.52%
Average Trading Volume: 6,499
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$134.5M
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