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An announcement from Perenti Global ( (AU:PRN) ) is now available.
Perenti reported strong financial results for the first half of FY25, with a record revenue of $1,730 million, a 6% increase from 1H24, and an increased interim dividend, reflecting confidence in cash generation. The company’s strategic positioning in the mining services sector, particularly in contract mining and drilling, has allowed it to maintain resilience amid market fluctuations, evidenced by its scale and diversified portfolio. The ongoing safety initiatives and commitment to stakeholder value reinforce Perenti’s robust outlook for FY25, with reaffirmed guidance for revenue, EBIT(A), and free cash flow.
More about Perenti Global
Perenti is a diversified mining services group listed on the ASX, specializing in contract mining, drilling services, mining services, and technology solutions. With a global presence across four continents and headquartered in Perth, the company is dedicated to providing enduring value and certainty to its stakeholders.
YTD Price Performance: 9.65%
Average Trading Volume: 3,700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $819.7M
Learn more about PRN stock on TipRanks’ Stock Analysis page.
