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Service Stream Limited ( (AU:SSM) ) has provided an update.
Service Stream Limited has announced its financial results for the half-year ending December 31, 2024, reporting a 7.9% increase in total revenue to $1,267 million compared to the previous year. The company also recorded a 16.4% rise in underlying EBITDA to $73.6 million and a significant 49.9% jump in NPATA to $37.7 million. With a strengthened balance sheet showing a net cash position of $55.4 million and securing over $1.1 billion in contracted works, Service Stream anticipates continued earnings growth for FY25. The interim dividend was increased by 25% to 2.5 cents per share, reflecting the company’s improved financial performance and outlook.
More about Service Stream Limited
Service Stream Limited is a leading provider of essential network services, operating in sectors such as telecommunications, utilities, and transport across Australia. The company focuses on delivering infrastructure and network services to support critical industries and enhance connectivity.
YTD Price Performance: 1.53%
Average Trading Volume: 141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €634.6M
Find detailed analytics on SSM stock on TipRanks’ Stock Analysis page.
