Australia's PWR Holdings FY results beat analyst estimates

PWR Holdings

17/08/2023 20:58

** Analysts at Citi say PWR Holdings'  PWH.AX  2023 results
beat brokerage and Visible Alpha's consensus estimates
    ** The energy company posted FY23 revenue of A$118.3 mln 
($75.69 mln) and NPAT of A$21.8 mln, ahead of Citi view by 1%
each
    ** Co declared fully-franked final dividend of 8.90
Australian cents/share
    ** Brokerage Citi has a PT of A$11.55 for PWH
    ** Aerospace and defence divisions of PWH showed signs of
momentum with secured programs increasing in fiscal 2024 - Citi
    ** Stock was down 16.4% this year, as of last close

($1 = 1.5630 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))