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An update from MaxiPARTS Limited ( (AU:MXI) ) is now available.
MaxiPARTS Limited reported a significant financial improvement for the half-year ended December 31, 2024, with a 22.5% increase in revenue to $136.9 million and an 839.1% rise in net profit after tax to $3.7 million compared to the previous year. Despite a challenging economic environment, particularly on the east coast, the company witnessed robust growth driven by both its core operations and the acquisition of Förch Brisbane. The company also increased its interim dividend and continues to operate a dividend reinvestment plan. The resolution of legal disputes and the end of a supply contract with the Freighter Group are expected to result in minimal future trading relationships, indicating a strategic shift in operations.
More about MaxiPARTS Limited
MaxiPARTS Limited operates in the distribution and sale of commercial truck and trailer parts, along with workshop consumables for automotive and commercial vehicle workshops. The company focuses on providing essential parts and services to the automotive and commercial vehicle sectors, with operations in various regions.
YTD Price Performance: -3.72%
Average Trading Volume: 18,958
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$100.1M
See more insights into MXI stock on TipRanks’ Stock Analysis page.