Austal Limited Reports Significant Profit Surge in FY2025
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Austal Limited reported a significant profit surge for FY2025, with revenue increasing by 24% to $1.82 billion and net profit rising by 503% to $89.7 million. The company opted not to declare dividends, suggesting a focus on reinvesting profits for future growth. The latest analyst rating for Austal (AU:ASB) is a Hold, with a price target of A$6.75. Austal operates in the shipbuilding industry, specializing in defense and commercial vessels, and has a market cap of A$2.92 billion.
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