Ann: Appendix 4E and Preliminary Final Report 2024, page-4

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risk41

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30/08/24

21:05

Post #: 75464878
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Originally posted by 3500: ↑

As expected , almost all the profit figure is due to Orion divestment.
The result would otherwise has been flat.
A flat result is a turnaround from 2023 loss of $8.8m nonetheless.
Segments performance has been a mixed bag, The standout in the 2nd half was the Oil & gas division that increases revenues by 8% over the HY1 & produced a respectable EBITDA margin around 14% from a small EBITDA loss in HY1.
Revenue growth was flat for the construction division & EBITDA margin was flat in HY2 from 10% in HY1.
The PE divison's revenues showed no growth in HY2 & EBITDA was flat (if we exclude Orion)....we may call this an improvement from 20% negative EBITDA in HY1.....But.
Noticeable strengthening of the balance sheet.....Gearing ratio down to 37% from 50% in 2023.
Nice boost to Working capital from $10.5m to $17.8m.
All in all some signs of recovery.
-------------
"Your Board is preparing the Group to pay a dividend but would decide on this in the first quarter of calendar year 2025."
A penny stock feeling guilty for not paying dividend.

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Was thinking you would comment shortly after results released. Thanks.

Dividend talk early next year great to hear.

Net tangible assets 23c.

Contract assets - work not invoiced up to $15m.
Contract liabilities down to $5.4m

Gas and marine coming out of an 8 year lull. It will be nice to start making the type of money we were 10 years back.

ZGL Price at posting: 7.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $34.32M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$10.97K	70.24K

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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1	50000	0.130
1	10000	0.125
2	22100	0.120

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