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An announcement from Korvest Ltd. ( (AU:KOV) ) is now available.
Korvest Ltd.’s first half FY2025 results reflect a challenging period with a slight decline in revenue due to decreased galvanising activity and competitive pressures, impacting margins. Operational challenges, including a significant plant issue, led to one-off costs and a pre-tax profit decrease. Despite the setbacks, the company anticipates a strong second half driven by a record order book and increased project work, alongside the declaration of a 25.0 cent interim dividend.
More about Korvest Ltd.
Korvest Ltd. operates in the industrial sector, focusing on the production and distribution of galvanising services and industrial products, particularly through its EzyStrut brand. The company is engaged in both small day-to-day projects and major project markets, with a keen focus on maintaining competitiveness through strategic project management and staff investments.
YTD Price Performance: 3.21%
Average Trading Volume: 7,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$124M
For a thorough assessment of KOV stock, go to TipRanks’ Stock Analysis page.
