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The latest announcement is out from Wellard Ltd. ( (AU:WLD) ).
Wellard Ltd announced a net profit after tax of US$1.3 million for the year ending June 2025, despite operating with a reduced fleet. The company sold its main vessel, M/V Ocean Drover, and returned the proceeds to shareholders. Wellard plans to delist from the ASX to reduce operating costs and continue participating in a class action funded by the Australian Farmers Fighting Fund. The company aims to provide further capital returns to shareholders and will seek approval at its 2025 Annual General Meeting.
More about Wellard Ltd.
Wellard Ltd is a company involved in the live export shipping industry, primarily focused on transporting sheep and cattle from farmers to consumers. The company has been operating with a reduced fleet and is transitioning from being a publicly listed entity to a public unlisted company.
YTD Price Performance: 220.0%
Average Trading Volume: 257,753
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$17M
See more data about WLD stock on TipRanks’ Stock Analysis page.