Wellard Ltd. Achieves Operational Improvements Despite Net Loss

Tip Ranks
2025.02.20 09:12
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Wellard Ltd. reported a net loss of $2.3 million for the half-year ended December 2024, mainly due to one-off costs from acquiring full ownership of the M/V Ocean Drover. Despite a 21.5% revenue decline, the company achieved operational improvements, including a higher gross profit margin and strong cash position. The sale of the M/V Ocean Drover for $50 million is a significant operational shift, pending shareholder approval, aimed at future financial gains. Wellard operates in livestock shipping, focusing on animal welfare and safety.

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Wellard Ltd. ( (AU:WLD) ) has issued an update.

Wellard Ltd. reported a net loss of $2.3 million for the half-year ended December 2024, primarily due to one-off costs associated with acquiring full ownership of the M/V Ocean Drover. Despite a 21.5% decline in revenue from a reduced fleet size, Wellard achieved substantial operational improvements, including a significant increase in gross profit margin and a strong cash position. The sale of the M/V Ocean Drover for $50 million, following its acquisition, marks a pivotal shift in Wellard’s operations, requiring shareholder approval and positioning the company for future financial gains.

More about Wellard Ltd.

Wellard Ltd. operates in the livestock shipping industry, providing transport services for livestock across various international markets. The company focuses on maintaining high standards in animal welfare and safety, ensuring minimal mortality rates during transport.

YTD Price Performance: 173.33%

Average Trading Volume: 10,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €45.2M

For detailed information about WLD stock, go to TipRanks’ Stock Analysis page.

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