Peet Limited is well-positioned for earnings growth in FY25.

Peet Limited (ASX: PPC) presents its financial outcomes for the year ending June 30, 2024. the company achieved an operating and statutory profit after tax of AU$36.6 million, demonstrating resilience and adaptability in a changing market. With a remarkable 79% increase in sales compared to the previous year, totaling 2,504, Peet has proven its ability to thrive in strong market conditions across WA, Qld, and SA.

As of 30 June 2024, the company holds contracts worth AU$481.2 million, a promising increase from the previous year, providing a solid foundation for future earnings. Peet remains confident in its strategic objectives and capital management, ensuring a position of strength in navigating current market dynamics. With projects ready to capitalize on market recovery in Vic and ACT/NSW, supported by substantial capital, Peet is poised for sustained growth and robust operating cash flows heading into FY25.

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