The latest update is out from Tasmea Ltd. ( (AU:TEA) ).
Tasmea Limited reported a significant increase in revenue and profit for the half-year ended December 31, 2024, with a 27.6% rise in revenue and a 76.2% increase in profit compared to the previous year. The company declared an interim dividend and announced the acquisition of West Coast Lining Systems and Future Engineering Group, positioning itself to capitalize on growing demand in the Western Australian geomembrane market and the electrification sector in Australia.
More about Tasmea Ltd.
Tasmea Limited operates in the engineering and infrastructure industry, focusing on the design, supply, and installation of powerline infrastructure, lattice towers, steel monopoles, and custom-designed structures. The company is expanding its market focus by acquiring entities that specialize in geomembrane liners and powerline infrastructure to diversify its client base and geographical scope.
YTD Price Performance: 5.81%
Average Trading Volume: 160,530
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$754.2M
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