MLG keen to build on positive start

MLG Oz is keen to further increase its long-term sustainability, following a positive start to the 2024 financial year.

A Kalgoorlie-based mining and supply chain provider, MLG announced on Tuesday that its statutory revenue rose by 28.7 per cent during the first half of 2024, climbing from $175.9 million to $226.4 million, on the back of increased customer demand and higher billing rates.

Additionally, the company's statutory net profit after tax soared from $2.6 million to $7.1 million - a jump of 174.4 per cent. 

“MLG is currently performing well in an environment with a high potential for continued growth," managing director and founder Murray Leahy said.

"We have strengthened our operational capability and continue to focus on our delivery to clients. I am very pleased to see our margins trend up and delighted to have delivered a strong performance in the first half of FY24." 

Moving forward, the company said its earnings before interest, tax, depreciation and amortisation margins would likely rise heading into the FY25. 

MLG closed trade on Tuesday at 65 cents per share, up 1.56 per cent.