Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Delorean Corporation Ltd ( (AU:DEL) ) has issued an update.
Delorean Corporation Ltd has announced a reduction in profit due to delays in the grid connection of its Yarra Valley Water DBOM contract. Despite these delays, the company remains confident in the project’s financial success, as the contract’s operational and maintenance phases are expected to offset initial profit reductions. The company also confirmed compliance with ASX Listing Rules and highlighted that the financial impact was only finalized with the release of its Preliminary Final Report.
More about Delorean Corporation Ltd
Delorean Corporation Ltd operates in the bioenergy infrastructure industry, focusing on the development, ownership, and operation of bioenergy facilities. The company engages in Design Build Operate and Maintain (DBOM) contracts, providing integrated solutions for complex projects.
Average Trading Volume: 171,018
Technical Sentiment Signal: Buy
Current Market Cap: A$33.04M
For a thorough assessment of DEL stock, go to TipRanks’ Stock Analysis page.