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Silk Logistics Holdings Ltd. ( (AU:SLH) ) just unveiled an announcement.
Silk Logistics Holdings Limited announced an update regarding the earn-out payment for its subsidiary, Secon Freight Logistics Pty Ltd. Due to Secon’s strong performance, the final earn-out payment is expected to be significantly higher than initially estimated, ranging between $20 million and $25 million. This increase is attributed to a surge in uncontracted volumes in early 2025. The company will reassess its capital mix to accommodate this payment, which will not affect its underlying earnings for FY25.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing freight and logistics services. The company focuses on acquiring and integrating logistics businesses to enhance its market position and service offerings.
YTD Price Performance: -31.72%
Average Trading Volume: 238,779
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$116.4M
See more insights into SLH stock on TipRanks’ Stock Analysis page.