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.