Wagners Holding (ASX:WGN) sees over 229% rise in net profit in FY24, expects growth to continue in FY25.

Thu 17 Oct 24, 07:54 AM |

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Highlights

Incorporated in 1989 in Queensland, Wagners Holding Company Limited (ASX:WGN) offers construction materials and services in Australia and international markets. Supported by its core construction materials and services (CMS) business, the company recorded revenue of AUD 481.4 million in the financial year 2024 (FY24), consistent with FY23.

During the reported period, net profit after tax increased by over 229% YoY to AUD 10.3 million and operating EBIT jumped 81% YoY to AUD 39.7 million, surpassing the upper end of the guidance range.

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