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…
-
Noosa News22 hours agoExperts share tiny home warning as interest from young people soars
-
Noosa News22 hours agoExpert’s warning as tourists stunned by hundreds of sharks spotted close to shore at Moreton Island, Queensland
-
General18 hours agoConvicted mushroom murderer Erin Patterson outlines her reasons to appeal
-
General7 hours agoSussan Ley’s net zero problem won’t only impact the Coalition