Magellan Aerospace (TSE:MAL) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Magellan Aerospace Corporation has reported a significant improvement in their 2023 financial performance, with a notable 15.8% increase in quarterly revenues and a substantial 153.8% rise in annual gross profits compared to the previous year. The company, a key supplier in the aerospace sector, also saw a turnaround to a net income of $9,247 thousand after a previous net loss, alongside a more than doubling of Adjusted EBITDA indicating a strong operational performance.
For further insights into TSE:MAL stock, check out TipRanks’ Stock Analysis page.
