Appendix 4D

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Stock Austin Engineering Ltd (ANG.ASX)
Release Time 27 Feb 2025, 9:19 a.m.
Price Sensitive Yes
 Austin Engineering Reports H1 2024 Results
Key Points
  • Revenue from continuing operations up 18.5% to $170.2 million
  • EBITDA from continuing operations down 10.2% to $18.5 million
  • Profit from continuing operations after income tax down 28.5% to $10.6 million
Full Summary

Austin Engineering Ltd has released its Appendix 4D for the six months ended 31 December 2024. Revenue from continuing operations was up 18.5% to $170.2 million, however EBITDA from continuing operations was down 10.2% to $18.5 million and profit from continuing operations after income tax was down 28.5% to $10.6 million. The company also reported a loss from discontinued operations of $0.5 million, down 79.0% from the prior corresponding period. Overall, profit after tax attributable to members was down 18.0% to $10.0 million. The company declared an interim dividend of 0.6 cents per share, fully franked. Net tangible assets per ordinary share were $18.52 as at 31 December 2024, up from $17.80 as at 30 June 2024. There were no acquisitions undertaken during the half year and the company had no associates or joint ventures. The review report on the financial statements was unqualified.