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Southern Cross Electrical Engineering Limited Reports Robust Half-Year Financial Growth

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Southern Cross Electrical Engineering Limited Reports Robust Half-Year Financial Growth

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Southern Cross Electrical Engineering Limited ( (AU:SXE) ) has issued an announcement.

Southern Cross Electrical Engineering Limited reported a significant improvement in its financial performance for the half year ending December 31, 2024, with revenue surging by 55.5% to $397.4 million and net profit increasing by 67.8% to $16.2 million compared to the previous year. The company also declared an interim dividend of 2.5 cents per security, reflecting its strong financial health and commitment to rewarding shareholders.

More about Southern Cross Electrical Engineering Limited

Southern Cross Electrical Engineering Limited operates in the electrical engineering industry, providing services and solutions across a variety of sectors. The company focuses on delivering electrical, instrumentation, communication, and maintenance services, catering to the construction and resources industries.

YTD Price Performance: 1.10%

Average Trading Volume: 5,330

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €245.8M

For a thorough assessment of SXE stock, go to TipRanks’ Stock Analysis page.

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