These are good results from them, and mean that when LBL gains a majority stake, this would effectively be a $45+m HY result, double the previous FY.
"Based on LaserBond’s ownership of 40% of the equity in the Gateway Group, the Company applies equity accounting principles. LaserBond reports $372,659, presenting 40% of the profits after tax reported by Gateway. For 1H25, Gateway reports $19.86 million in revenue, with limited growth on the previous corresponding period. However, profits grew by 7.4% based on focused productivity improvements. Gateway is expanding its facility from a footprint of 15,000m2 to 25,000m2 to allow for future growth, including the planned additional capabilities to support the introduction of LaserBond’s surface engineering applications. We look forward to supporting them through this process and the success to come with surface engineering capabilities in Western Australia."
LBL Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
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