Perenti Limited (ASX: PRN), a diversified mining services group, has updated its progress against its 2025 Strategy in its recent Strategy Briefing. The company has reported positive business results and an update to its Capital Management Policy, which includes allocating 10% to 20% of free cash towards strategic investments, such as technology and engineering solutions to manage risks inherent in underground mining, development of new services to support decarbonisation, and Idoba product development.
Perenti has updated its FY23 and FY25 targets and expects FY24 to be a year of growth, margin expansion, and a strengthening balance sheet. The company has also released its sustainability imperatives and priorities, which are strategic enablers and key differentiators for the business. Perenti recognizes that sustainability is linked to everything they do and aims to become a sustainable business while supporting industry and societal initiatives focused on sustainability.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
