Lycopodium (ASX:LYL) expects to benefit from energy sector’s transition to zero-carbon sources.

Mon 11 Nov 24, 02:59 AM | Team Kalkine

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Highlights

Australia-based Lycopodium Limited (ASX:LYL) offers integrated solutions in construction, asset management and engineering. The company manages multidisciplinary, complex projects by offering advisory services and feasibility studies across the industrial processes, rail infrastructure and resources sectors.

In the financial year 2024 (FY24), the company recorded a 6.50% YoY increase in revenue from continuing operations, reaching AUD 348.8 million. This surge was underpinned by increased revenue from customer contracts, other income, and interest income. EBITDA during the period reached AUD 77.1 million, while net profit increased by 8.41% YoY to AUD 50.71 million.

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