Business
The PWR (ASX:PWH) share price is on fire today, up 6%. Here’s why
The PWR Holdings Ltd (ASX: PWH) share price is fired up today as the market reacts to the automotive cooling solutions’ half-year results. By the looks of it, the company has been firing on all cylinders during the period.
At the time of writing, the PWR share price is trading up 6.43% at $4.80.
It’s hard to stay cool with these firey results
PWR smashed last year’s revenue and profit figures during the period. Management noted this was due to deferred activities from FY20 and growth in emerging technologies and OEM products.
Revenue for the company increased by 25% to $37.2 million for the half. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also increased by 60%. PWR improved EBITDA through…
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