But they are buying. Gross profit margins stayed above 50%, , a testament to quality & pricing power. We have to remember that LBL has some limitations because of capacity constraints (geographical, floor space, skilled labour etc) , but Services Division managed an organic growth of a respectable 13.3%. I must admit though that Products was highly dissappointing....It has been growing at CAGR of 18% since 2019. In FY24 its revenues contracted by 7.2%.....This is attributed to the supplier issue , Capacity constraints in the March quarter due to delayed arrival of skilled migrant workers that started arriving in June & also delayed orders from the OEM. Hopefully these issues will be resolved going forward. I believe that the blue sky potential of LBL lies in Products
LBL Price at posting:
59.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)