At the analyst briefing, Mr Steven Boland said that it was tracking to 20 per cent growth in FY 25.
The growth in industrial services has opened up some new lines.
The two acquisitions were a standout: we did not overpay: low 4s was the price.
A good footprint in North Queensland. Organic growth was primarily in South Australia and Western Australia.
Full service in screens with last year's acquisition. ACF is the 'go to' company for formwork.
ACF is accounting for another $10 million tax payments: this has extinguished ACF's tax losses. Good news for future franking credits, and the dividend just announced.
ROE has reduced but one has to account for this tax payment.
Ann: FY24 Full Year Results Presentation, page-14
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