Simonds Group Limited (ASX: SIO) unveiled its Appendix 4E Financial Report for the year ended 30 June 2024. The company reported an impressive full-year NPAT of AU$4.0 million. This growth is attributed to a remarkable uptick in EBITDA, which surged by AU$34.7 million due to expanded gross margins and reduced overhead expenditure. Notably, the company has effectively controlled costs and successfully implemented savings initiatives while continuing to invest in future growth.
The improved gross margin was driven by enhanced margin contribution from alternative sales channels and increased residential profitability. As of 30 June 2024, the company's liquidity remained robust, boasting available liquidity of AU$26.6 million, comprising AU$1.6 million in cash and unused banking facilities worth AU$24.9 million. Lastly, the company's net asset position soared from AU$14.5 million as of 30 June 2023 to AU$18.5 million as of 30 June 2024, underlining its robust financial health and growth trajectory.
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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.
