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Korvest Ltd. ( (AU:KOV) ) has shared an announcement.
Korvest Ltd reported record earnings for the fiscal year ending June 30, 2025, with a 16.2% increase in revenue driven by major project activity in its Industrial Products segment. The company faced challenges such as remediation costs due to a third-party design fault and a 17-day production halt in its galvanizing plant, but these were mitigated by insurance recoveries. The board has approved a significant redevelopment project at the Kilburn site to enhance production capabilities, with construction starting in FY26. The outlook for the infrastructure sector remains strong, although FY26 revenue is not expected to match FY25 levels.
More about Korvest Ltd.
Korvest Ltd operates in the industrial products sector, primarily focusing on the EzyStrut cable and pipe support business. The company supplies products for major infrastructure developments and to electrical wholesalers and contractors for smaller industrial projects.
Average Trading Volume: 4,750
Technical Sentiment Signal: Buy
Current Market Cap: A$137.6M
See more data about KOV stock on TipRanks’ Stock Analysis page.