AJ Lucas Group Limited (AU:AJL) has released an update.
AJ Lucas Group Limited has reported a robust financial year ending June 2024, marked by a significant 19.9% rise in EBITDA to $31.2 million and a modest revenue increase in its Australian drilling services. The company has successfully reduced junior debt, invested in new equipment, and maintained an exemplary safety record, positioning itself as a preferred employer with improvements in employee retention. However, challenges remain, particularly with high leverage affecting share price and regulatory hurdles for its UK shale gas assets.
For further insights into AU:AJL stock, check out TipRanks’ Stock Analysis page.
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