Servcorp Limited (AU:SRV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Servcorp Limited experienced a landmark financial year with a 7% revenue increase to $317 million and a 153% rise in net profit before tax to $42.9 million. The company, benefiting from the global shift towards flexible workspaces, has announced dividends totaling 25 cents per share for 2024 and plans for further expansion, especially in Saudi Arabia. Despite inflationary pressures, Servcorp remains optimistic for 2025, focusing on maintaining its leading position in the coworking space market.
For further insights into AU:SRV stock, check out TipRanks’ Stock Analysis page.