MLG Oz Ltd (AU:MLG) has released an update.
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MLG Oz Limited reported a significant increase in revenues and profit for the fiscal year ended June 30, 2024, with revenues climbing 23.7% to $474.8 million and profits soaring 1,253.5% to $11.0 million. The growth was attributed to strong organic expansion within existing projects, new project acquisitions, and enhanced operational efficiencies. The company also highlighted increased productivity, optimized project portfolios, and improved cost control as key drivers of its substantially improved financial performance.
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