Step One Clothing Boasts Strong Year-End Gains

Step One Clothing Limited (AU:STP) has released an update.

Step One Clothing Limited reported a robust financial performance for the fiscal year ended 30 June 2024, with revenues increasing by 29.7% and profits after tax surging by 43.9%. The company maintained a gross margin of over 80% and announced a fully franked dividend of 2.8 cents per share, underscoring its strong cash position and commitment to shareholder returns. With a significant rise in EBITDA by 50.8% and no debt on its balance sheet, the firm appears well-positioned for future expansion.

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