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The latest update is out from Seven Group Holdings Limited ( (AU:SGH) ).
SGH Ltd has reported a strong financial performance for the first half of the fiscal year, with significant earnings growth despite challenging market conditions. The company achieved a 10% increase in EBIT, driven by disciplined execution and cost control, particularly in its newly acquired Boral unit. The interim dividend saw a 30% increase, attributing to a 25% total shareholder return for the period, reflecting the company’s strategy of stable and growing dividends. SGH is optimistic about future growth, maintaining its guidance for high single-digit EBIT growth for FY25.
More about Seven Group Holdings Limited
Seven Group Holdings Limited (SGH) operates in the industrial services and energy sectors, focusing on providing customer service and leveraging operational efficiencies. The company is involved in various business segments including WesTrac, Boral, and Coates, with a market focus on industrial and energy sectors.
YTD Price Performance: 6.58%
Average Trading Volume: 121
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €12.12B
See more insights into SGH stock on TipRanks’ Stock Analysis page.
