Australia's GR Engineering rises on higher FY24 profit

GR Engineering Services

22/08/2024 04:55

** Shares of GR Engineering  GNG.AX  rise as much as 5.1% to
A$1.950
    ** The engineering consulting and contracting co's net
profit after tax for FY24 was A$31.2 million ($21 million) vs
A$27.5 million a year ago
    ** Co declares final dividend of 10 AU cents per share
    ** Stock eyes first weekly rise after 8 weeks of decline
    ** GNG is down over 16.4% this year

($1 = 1.4852 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))