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The latest announcement is out from Oldfields Holdings Ltd ( (AU:OLH) ).
Oldfields Holdings Limited has successfully transitioned its business model in H1 FY2025, focusing on sales and distribution, particularly in scaffold products, after exiting the hire and service model on the East Coast. This strategic shift has resulted in a significant improvement in profitability, with EBITDA rising to $1.898M and a net profit after tax of $475k, marking a turnaround from the previous year’s loss. The company has also strengthened its financial position through strategic sales, debt reduction, and capital raises, setting the stage for continued growth and operational efficiency in the second half of FY2025. Oldfields anticipates further financial and operational improvements, driven by strong demand for its products and ongoing investments in sales and distribution initiatives, positioning the company for sustained profitability and long-term value creation for stakeholders.
More about Oldfields Holdings Ltd
Oldfields Holdings Limited (ASX: OLH) is an Australian-based company specializing in the manufacturing and distribution of quality products. With a rich history and a commitment to innovation and excellence, Oldfields is dedicated to providing its customers with solutions that meet and exceed their expectations.
YTD Price Performance: -25.71%
Average Trading Volume: 61,752
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$11.08M
See more data about OLH stock on TipRanks’ Stock Analysis page.