Appendix 4D
| Stock | Southern Cross Electrical Engineering Ltd (SXE.ASX) |
|---|---|
| Release Time | 19 Feb 2025, 8:16 a.m. |
| Price Sensitive | Yes |
Southern Cross Electrical Engineering Reports 55.5% Revenue Growth
- Revenue increased by 55.5% to $397.4 million
- Net profit after tax grew by 67.8% to $16.2 million
- Interim dividend of 2.5 cents per share declared
Southern Cross Electrical Engineering Ltd has announced its financial results for the half year ended 31 December 2024. The company reported a 55.5% increase in revenue to $397.4 million, up from $255.5 million in the previous corresponding period. Net profit after tax attributable to members grew by 67.8% to $16.2 million, compared to $9.6 million in the prior half year. The company has declared an interim dividend of 2.5 cents per share, which will be paid on 9 April 2025 to shareholders on the record date of 26 March 2025. The company's Dividend Reinvestment Plan will apply to the 2025 interim dividend. The net tangible asset backing per security increased from 27.4 cents per share to 30.3 cents per share. There were no changes to the company's controlled entities or associates and joint venture entities during the period.