Laserbond Limited Reports Stable Revenue Amidst Profit Margin Decline
Laserbond Limited reported a slight revenue increase to $20.297 million for the half-year, up from $20.283 million, driven by services revenue. However, the company experienced a decline in gross profit and EBITDA margins due to rising operational costs and a challenging market, affecting profitability and shareholder returns. The current market cap is A$68.05M, with a consensus rating of 'Buy'.
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An update from Laserbond Limited ( (AU:LBL) ) is now available.
Laserbond Limited reported its half-year financial results, showing a slight increase in overall revenue to $20.297 million from $20.283 million in the previous year, with services revenue driving this growth. However, the company faced a decline in gross profit and EBITDA margins, reflecting increased operational costs and a challenging market environment, which impacted profitability and shareholder returns.
More about Laserbond Limited
YTD Price Performance: 3.57%
Average Trading Volume: 79,285
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$68.05M
See more data about LBL stock on TipRanks’ Stock Analysis page.
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