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Korvest Ltd’s Profit Falls 28.5% Amid Operational Setbacks, Eyes Strong FY25 Recovery
2:27pm on Monday 20th of January, 2025 AEDT
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Manufacturing
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Korvest Ltd’s Profit Falls 28.5% Amid Operational Setbacks, Eyes Strong FY25 Recovery
2:27pm on Monday 20th of January, 2025 AEDT
Key Points
Revenue down 1.1% to $51.1 million
Net profit after tax declined 28.5% to $4.1 million
Operational issues in galvanising caused one-off costs of approximately $670k
Dividend maintained with a fully franked interim dividend of 25 cents per share
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Korvest (ASX:KOV)
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