SCEE Group Reports Record Financial Growth

Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.

Southern Cross Electrical Engineering Limited (SCEE Group) has announced record financial results for FY24, with EBITDA reaching $40.1 million, a 5% increase, and a net profit after tax of $21.9 million, up 9.1%. The company boasts a record cash balance of $84.1 million, no debt, and a robust order book valued at $720 million, signaling an 18% growth. The Board has declared a 5 cents per share final dividend, a 25% increase from the previous year, reflecting the company’s strong performance and optimistic outlook.

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