Service Stream Limited Reports Robust Half-Year Financial Growth

An update from Service Stream Limited ( (AU:SSM) ) is now available.

Service Stream Limited has announced its financial results for the half-year ending December 31, 2024, showing significant improvements in revenue and profit. The company reported a 7.8% increase in revenue from ordinary activities, totaling $1,222,361,000, and a substantial 159.2% rise in net profit after tax, amounting to $33,084,000. An interim dividend of 2.5 cents per share was declared, up from 2.0 cents the previous year. The strong financial performance underscores Service Stream’s effective management and strategic positioning in its core markets, demonstrating resilience and growth potential that could positively impact stakeholders.

More about Service Stream Limited

Service Stream Limited is a company operating in the telecommunications and utilities industries, providing essential network services including design, construction, maintenance, and management of infrastructure. The company primarily focuses on serving clients within telecommunications, water, gas, and power sectors, aiming to support and enhance critical infrastructure across Australia.

YTD Price Performance: 1.53%

Average Trading Volume: 141

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €634.6M

For detailed information about SSM stock, go to TipRanks’ Stock Analysis page.