Oldfields Holdings Ltd (AU:OLH) has released an update.
Oldfields Holdings Ltd is undergoing a strategic transformation by shifting its focus from hire and service to sales and distribution, which led to a positive net profit after tax of $157K in Q1 FY2025. Despite initial costs, the company expects increased cash inflows from strong sales momentum, scaffold system sales, and a significant US order. With a robust sales pipeline valued at over $10 million, Oldfields anticipates a strengthened financial position in the upcoming quarters.
For further insights into AU:OLH stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Deutsche Bank Pounds the Table on Tesla Stock
- ‘Breath of Fresh Air,’ Says Daniel Ives About Rivian Stock
- ‘It’s Not Too Late to Load Up,’ Says Analyst About Nvidia Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
