OM Holdings Ltd. ( (AU:OMH) ) has issued an update.
OM Holdings Limited reported a net profit after tax of US$9.3 million for the year ended 31 December 2024, a decrease from US$18.2 million in 2023. Despite the decline in net profit, the company experienced an 11% increase in revenue, reaching US$654.3 million, driven by higher volumes and selling prices of alloys. The gross profit margin improved to 17.3%, and the company reduced its total borrowings significantly. A final dividend of A$0.004 per share was declared, reflecting the company’s commitment to shareholder value.
More about OM Holdings Ltd.
OM Holdings Limited is a company incorporated in Bermuda, with a Malaysian registration, and is listed on the Australian Securities Exchange (ASX). The company, along with its subsidiaries, is involved in the production and trading of alloys, focusing on increasing volumes and optimizing selling prices.
YTD Price Performance: -5.41%
Average Trading Volume: 38,087
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$267.5M
For an in-depth examination of OMH stock, go to TipRanks’ Stock Analysis page.