Tasmea Ltd. ( (AU:TEA) ) has issued an announcement.
Tasmea Ltd. reported a strong financial performance for the half year ending December 31, 2024, with a 27.6% increase in revenue to $246.7 million, driven by core sector growth and recent acquisitions. The company achieved a 76.6% increase in net profit after tax to $27.9 million, attributed to efficient cost management, acquisitions, and a deferred tax asset recognition. Tasmea’s strategic focus on recurring revenue from specialist maintenance and skilled labor services, along with improved cash flow conversion and financial position, underscores its competitive market positioning.
More about Tasmea Ltd.
Tasmea Ltd. operates in the mining, resources, energy, and infrastructure sectors, providing highly specialized and critical services to blue-chip fixed plant customers. The company focuses on delivering high-value, essential specialist services, with a market focus on ‘Essential Industry’ asset owners.
YTD Price Performance: 5.81%
Average Trading Volume: 160,530
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$754.2M
See more insights into TEA stock on TipRanks’ Stock Analysis page.