Monadelphous Group Limited (AU:MND) has released an update.
Monadelphous Group Limited has reported a robust financial year for 2024, with a revenue increase to $2.03 billion, up by 11% from the previous year, driven by strong demand in maintenance services and engineering construction. The company experienced a 16.2% rise in net profit after tax, reaching $62.2 million, and declared a substantial increase in its full-year dividend to 58 cents per share. With over $3.0 billion in new contracts and a healthy cash balance, Monadelphous is well-positioned to capitalize on the growing opportunities in the resources and energy sectors.
For further insights into AU:MND stock, check out TipRanks’ Stock Analysis page.
