ASX-listed lifting solutions company, Boom Logistics, has announced that its NPAT in FY24 is now expected to exceed $6 million.
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Announced through a press release on March 21 via the company’s media section, Boom also announced that it was expecting to bring in a total revenue figure of around $240 million.
According to the press release, the updated FY24 guidance is reflective of Boom’s “strong year to date” on an operational and financial level, as well as enhancing visibility on the operating environment for the remainder of the fiscal year.
“Boom continues to deliver operational efficiencies across our assets and employees which is driving improved returns for our business,” said Ben Pieyre, Boom Logistics’ CEO. “The success of recent tender wins, strong activity across our core markets and a healthy balance sheet places the company in a position to drive enhanced and sustained returns for our shareholders.”
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Boom Logistics offers complete project services across the infrastructure, mining, wind farm, and construction industries.
To date, the company possesses over 250 mobile hydraulic and crawler cranes, ranging in capacity from five tonnes through to its largest machine, the 800-tonne capacity LTM 1750-9.1. Additionally, the ASX-listed company possesses a range of specialised access equipment, a vast number of travel towers, heavy haulage machines, and a full range of engineering services.