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The latest update is out from SKS Technologies Group Limited ( (AU:SKS) ).
SKS Technologies Group Limited announced a significant increase in its unaudited profit before tax for FY25, reaching $20.8 million, which is a 15.6% rise from its earlier guidance and more than three times the profit of FY24. The company’s sales revenue closely aligned with forecasts, showing a 90% increase from the previous year, and cash on hand surged to $32.5 million. This financial growth is attributed to the company’s strategic focus on high-margin projects and expanding market opportunities, leading to a strong work pipeline and confidence in future performance.
The most recent analyst rating on (AU:SKS) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on SKS Technologies Group Limited stock, see the AU:SKS Stock Forecast page.
More about SKS Technologies Group Limited
SKS Technologies Group Limited operates in the technology sector, focusing on providing high-margin projects and expanding its capacity and expertise to execute them at a high standard. The company targets a broad range of industries across Australia, aiming to capitalize on new market opportunities.
Average Trading Volume: 234,900
Technical Sentiment Signal: Buy
Current Market Cap: A$254.4M
For an in-depth examination of SKS stock, go to TipRanks’ Overview page.