An increased, though negligible, NPAT and a similarly rising...

An increased, though negligible, NPAT and a similarly rising dividend, albeit at 0.8cps very small.

The outlook in Victoria looks poor. Given that dystopian state government is only just starting to realise how much it's mismanaged Victoria's finances, hard to see anything but a downturn in public sector works and associated training.

Good to see ASH further moving into Western Australia.

ASH remains a bet as to whether the April or May 2025 Federal election will see a minority Coalition government come to power, but even if that occurred, the Coalition would be most unlikely to have control of the Senate, so reversing Labor's anti-business and anti-ASH labour hire legislative changes would be extremely difficult.

Initial reaction from 'Mr Market' was positive, sending the shares up four cents to A$0.22.