NSL recovers loss with $21.3m net profit for FY 2024
NSL Ltd reported a net profit of $21.3 million for FY 2024, recovering from a loss of $18.7 million the previous year. Revenue increased by 2% to $302.7 million, driven by growth in the Environmental Services division. In H2, turnover surged 41% to $179.7 million, with the Precast division growing by 56%. The company also recorded an H2 net profit of $18.9 million.
Revenue for the year went up 2%.
NSL Ltd reported a profit attributable to equity holders of $21.3m for the period ending 31 December 2024, recovering from a loss of $18.7m from a year before.
The group said turnover in 2024 improved by 2% to $302.7m from $298.1m in 2023 mainly as a result of higher revenue from the Environmental Services division.
In the six months ending 31 December 2024, group turnover jumped 41% to $179.7m from $127.3m a year before due to strong revenue growth by the Precast (56%) and Environmental Services (11%) divisions.
NSL also reported an H2 net profit of $18.9m.
