tiprankstipranks
Locality Planning Energy’s Historic Profitable Year
Company Announcements

Locality Planning Energy’s Historic Profitable Year

Locality Planning Energy Holdings Limited (AU:LPE) has released an update.

Don't Miss our Black Friday Offers:

Locality Planning Energy Holdings Limited reported a significant financial turnaround in FY2024, with a 116.7% increase in net profit after tax to $2 million and a 27% rise in net tangible assets per share. The company achieved its first profit as a listed entity without additional capital, highlighting improved sustainability and operational efficiency. These results include the successful defense against an unsolicited hostile takeover bid, marking a historic milestone for the company.

For further insights into AU:LPE stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App