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Symal Group Limited ( (AU:SYL) ) just unveiled an update.
Symal Group Limited celebrated its first anniversary as an ASX-listed company, highlighting a successful year with significant achievements in safety performance and financial results. The company reported a Total Recordable Injury Frequency Rate of 3.41 and a Lost Time Injury Frequency Rate of 0.40, outperforming industry averages. Financially, Symal achieved a normalised EBITDA of $106.1 million, surpassing its Prospectus guidance by 3.7%, and a net profit after tax of $45.7 million, nearly 10% above forecasts. The company expanded its market share in sectors like power, renewables, and defense, and diversified its approach with acquisitions such as Ascot Bin Hire, Locale Civil, and McFadyen Pipeline Construction. These results enabled a $13.9 million dividend distribution to security holders.
The most recent analyst rating on (AU:SYL) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Symal Group Limited stock, see the AU:SYL Stock Forecast page.
More about Symal Group Limited
Symal Group is a diversified services provider headquartered in Melbourne, Australia, focusing on resilient end markets. The company delivers contracting and specialized technical services across critical industries such as infrastructure, power and renewables, utilities, data centers, defense, building, and facilities. Founded in 2001, Symal is listed on the Australian Securities Exchange (ASX: SYL).
Average Trading Volume: 251,212
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$578.6M
See more data about SYL stock on TipRanks’ Stock Analysis page.