Metarock Group Limited (AU:MYE) has released an update.
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Metarock Group Limited has triumphantly concluded its turnaround plan in FY2024, achieving a record profit of $39.6 million, a net cash position of $21.8 million, and a robust order book worth $280 million. The company’s successful strategy included divesting non-core assets, such as the sale of PYBAR, cutting overheads, and securing a $25 million strategic equity investment. The consolidated core operations now project sustainable growth with a promising pipeline valued at $1.4 billion.
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