Bhagwan Marine Forecasts Higher Fiscal H1 EBITDA

MT Newswires Live

2024/12/09

Bhagwan Marine (ASX:BWN) said its expects earnings before interest, taxes, depreciation, and amortization for the fiscal first half ending Dec. 31 to reach AU$26 million to AU$28 million, up 26% to 36% from last year, according to a Monday filing with the Australian bourse.

The upbeat guidance is due to strong demand within the Company's core business and the commercial closeout of its oil and gas decommissioning project, the filing said.

The marine services firm's fiscal H1 earnings report is scheduled for Feb. 28, 2025.

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