confirming the busy period in the building and construction industry,do it your self home renovations,govt infrastructure works,spencer st and mcg redevelopment particularly in nsw NATIONAL HIRE GROUP LTD asx code NHR yesterday released a strong set of financials that will set the company up in the coming years ahead and see it through the expected fall in the cycle
raising just over 31m the company prudently kept its powder dry by paying down debt to the tune of around 3m and reinvesting for the furure by spending around 7m on plant and equipment which leaves it with about $22.796m cash in the bank to capitalize on any opportunities that may arise in the future like the recent purchase of ready hire in qld or better still to pick up ah plant from nlx
NHR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
