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Step One Clothing Limited Shows Strong Revenue Growth Despite Lower Dividends

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Step One Clothing Limited Shows Strong Revenue Growth Despite Lower Dividends

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The latest announcement is out from Step One Clothing Limited ( (AU:STP) ).

Step One Clothing Limited reported a 6.8% increase in revenue, reaching $48,118,000 for the half-year ended December 31, 2024. The company’s profit after tax rose by 15.1% to $8,181,000. Although the gross margin percentage decreased to 77.9%, EBITDA saw a 10.4% growth, reaching $11,179,000. The company maintains a strong financial position with no debt and cash reserves of $43,770,000, indicating capacity for expansion. A dividend of 2.8 cents per share was paid, lower than the previous year’s 5.0 cents.

More about Step One Clothing Limited

Step One Clothing Limited operates in the apparel industry, focusing on clothing products. The company is involved in manufacturing and distributing its products and has a market focus on expanding its financial capacity and operational growth.

YTD Price Performance: 1.98%

Average Trading Volume: 258,365

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$238.2M

See more insights into STP stock on TipRanks’ Stock Analysis page.

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