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Shriro Holdings Ltd. ( (AU:SHM) ) just unveiled an update.
Shriro Holdings Ltd. reported a 5.5% increase in EBITDA to $15.3M, despite a 13.6% decline in revenue to $103.3M due to a shift to an importer model and paused orders in Europe. The company completed a restructuring to a capital-light model and launched a new ERP system on time and on budget. No final dividend was declared as the board considers alternative uses for cash, and a $15.0M buy-back was completed.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shriro Holdings Ltd. stock, see the AU:SHM Stock Forecast page.
More about Shriro Holdings Ltd.
Shriro Holdings Ltd. operates in the consumer goods industry, focusing on products such as barbecues in Australia and the USA, as well as third-party brands like Casio. The company has a market focus on seasonal products and is transitioning to a capital-light model globally.
Average Trading Volume: 50,409
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$52.58M
Find detailed analytics on SHM stock on TipRanks’ Stock Analysis page.