You said:How might Ashley Services asx ASH be performingAshley...

You said:

How might Ashley Services asx ASH be performing

Ashley Services Group Limited(ASX: ASH) reported a challenging performance for the fiscal year ending June30, 2024, marked by declining profitability and revenue growth.stockanalysis.com+9company-announcements.copyright link+9listcorp.com+9

Financial Highlights (FY24)

· Revenue: $556.5 million, up 1.33% year-over-year.stockanalysis.com+1stockanalysis.com+1

· UnderlyingEBITDA: $11.9 million, down 41% from the previousyear.company-announcements.copyright link

· Net ProfitAfter Tax (NPAT): $1.35 million, a significantdecline from $11.4 million in FY23.listcorp.com+1company-announcements.copyright link+1

· Earnings PerShare (EPS): 0.94 cents, down 88% from 6.56 centsin FY23.company-announcements.copyright link

· FinalDividend: 0.24 cents per share, reduced from 3.0cents in the prior year.company-announcements.copyright link+1listcorp.com+1

Operational Overview

· RevenueComposition: The company experienced a decline inrevenue, attributed to reduced demand in sectors such as supply chain, retail,and manufacturing.kapitales.com.au

· ClientRetention: Despite the downturn, Ashley Servicesmaintained its major clients, secured long-term contracts, and added newcustomers.kapitales.com.au

· StaffingLevels: As of August 2024, the company employed7,267 weekly workers at its peak, with a 0.5-year increase in average tenure.listcorp.com

Market Performance

· SharePrice: The stock price has declined byapproximately 33% over the past week.finance.yahoo.com

· MarketCapitalization: Approximately $25.2 million.

Outlook

Ashley Servicesacknowledges the challenges faced in FY24 but remains committed to adapting tomarket conditions.The company aims to leverage itsestablished client relationships and secure new business opportunities to drivefuture growth.

Well - we await (some of us do!) to see if ASH delivers!?