tiprankstipranks
Company Announcements

SG Fleet Group Sees Revenue Growth Amid Profit Decline

Story Highlights
SG Fleet Group Sees Revenue Growth Amid Profit Decline

Discover the Best Stocks and Maximize Your Portfolio:

SG Fleet Group Ltd. ( (AU:SGF) ) just unveiled an announcement.

SG Fleet Group Limited reported a 16.3% increase in revenue from ordinary activities to $648.6 million for the half-year ending December 31, 2024. However, the profit after tax decreased by 9.8% to $41.1 million, which may impact the company’s operations and stakeholder confidence. The report also highlighted a final and special dividend, both paid in September 2024, and a decrease in net tangible assets per ordinary security. The company’s Dividend Reinvestment Plan allows shareholders to reinvest dividends in shares, potentially stabilizing future financial performance.

More about SG Fleet Group Ltd.

SG Fleet Group Limited operates in the fleet management and leasing industry, providing vehicle management, leasing, and salary packaging solutions. The company focuses on offering comprehensive services to enhance fleet efficiency and reduce costs for its clients.

YTD Price Performance: 1.47%

Average Trading Volume: 1,187,650

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.18B

Learn more about SGF stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1