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MLG Oz Ltd ( (AU:MLG) ) has issued an announcement.
MLG Oz Ltd reported a 20.5% increase in revenue to $272.9 million for the half-year ended December 31, 2024, driven by high activity in the gold industry and demand for their services. However, the net profit after tax fell by 42.7% to $4.1 million due to lower crushing and screening revenue and higher depreciation from recent capital investments. The company experienced organic revenue growth from increased volumes and expanded service scopes, with expectations of improved profitability in the second half as new projects commence.
More about MLG Oz Ltd
MLG Oz Ltd is a company operating in the gold industry, offering integrated services and focusing on haul road construction and maintenance activities.
YTD Price Performance: 21.82%
Average Trading Volume: 170,468
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$98.9M
Find detailed analytics on MLG stock on TipRanks’ Stock Analysis page.