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Engenco Limited ( (AU:EGN) ) has issued an announcement.
Engenco Limited has updated its FY25 outlook, indicating that financial performance will remain positive but will not improve compared to FY24. This is due to challenges faced by its Gemco Rail business unit in meeting production targets and lower than anticipated bearing sales. The company expects FY25 net profit after tax to align with FY24. Despite these challenges, Engenco maintains a strong pipeline for its rail business, with plans to commence the manufacture of iron ore wagons in Karratha in FY26. Drivetrain is also broadening its service offerings to increase future workshop activity.
More about Engenco Limited
Engenco Limited specializes in the maintenance, repair, and overhaul of heavy-duty engines, powertrain, propulsion, and gas compression systems. It also designs and manufactures road and rail transportation and storage tankers, provides services for Hedemora Turbochargers and Diesel Engines, and offers rolling stock manufacture and maintenance services for the Australian and New Zealand rail markets. Additionally, Engenco provides nationally accredited training and workforce management solutions for the Australian rail and transportation industries, serving a diverse client base across sectors such as defense, resources, marine, power generation, rail, heavy industrial, mining, and infrastructure.
Average Trading Volume: 95,549
Technical Sentiment Signal: Hold
Current Market Cap: A$90.06M
Find detailed analytics on EGN stock on TipRanks’ Stock Analysis page.