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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.