tiprankstipranks
Company Announcements

Monadelphous Group Reports Strong Half-Year Profits and Increased Dividend

Story Highlights
Monadelphous Group Reports Strong Half-Year Profits and Increased Dividend

Discover the Best Stocks and Maximize Your Portfolio:

Monadelphous Group Limited ( (AU:MND) ) just unveiled an announcement.

Monadelphous Group Limited reported a 2.05% increase in revenue to $1,023,827,000 and a significant 41.33% rise in profit after tax to $42,513,000 for the half-year ending December 31, 2024. The company announced an interim dividend of 33 cents per share, up from 25 cents in the previous year, with a total interim dividend payout of $32,585,000. This financial performance reflects strong operational results and solidifies the company’s position in its industry, enhancing shareholder value.

More about Monadelphous Group Limited

Monadelphous Group Limited operates in the engineering sector, primarily focusing on delivering engineering, procurement, and construction services. The company is involved in mineral processing and renewable energy markets through its joint ventures, Mondium Pty Ltd and Zenviron Pty Ltd.

YTD Price Performance: 12.65%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €931.3M

For detailed information about MND stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1