Great management = great results. The Group’s net operating profit after tax from continuing activities attributable to members for the half yearwas $1.15 million compared to a profit of $0.32 million for the prior corresponding period. Underlying net profit after tax from continuing activities grew by 152% to $1.29million, continuing the growth of recent years.
This company has really developed some serious profit traction over the past year and looks set for much further growth. The Group’s capabilities continue to be increasingly well recognised in the market and the Group is continuingto experience strong levels of sales inquiries, leads and contracted work. The demand for the Group’smanufacturing services and product development capabilities continues to underpin strong orders for thissegment and this is expected to contribute to further growth in the second half of this financial year and intoFY2020.
PBP Price at posting:
$1.49 Sentiment: Hold Disclosure: Held