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Powerhouse Ventures Limited (ASX:PVL)

ALERT: Price-sensitive ASX Announcement for PVL
Current share price for PVL : $0.130 0.031 (31.31%)+
Announcement
Release
5 Jun 2025 8:25AM
Price at Release
$0.099
Full Release
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Summary
Powerhouse Ventures Limited (PVL) released a trading update announcing its maiden cash profit guidance for the financial year ending 30 June 2024. The company expects to achieve a cash profit before tax of between $1.6 million and $1.8 million, a significant improvement from the previous corresponding period. PVL attributes this positive result to the successful divestment of non-core assets, improved performance from its portfolio companies, and cost-control measures implemented throughout the year. The company also highlights increased investment activity and a strengthened balance sheet, positioning PVL for further growth. The board expresses confidence in the company's strategic direction and its ability to deliver shareholder value.
Key Points
  • Powerhouse Ventures Limited issues trading update with maiden cash profit guidance.
  • Expected cash profit before tax for FY2024 is between $1.6 million and $1.8 million.
  • Guidance represents a significant turnaround from the previous year.
  • Improved results driven by divestment of non-core assets and stronger portfolio company performance.
  • Cost-control and operational efficiencies contributed to profitability.
  • Increased investment activity and a strengthened balance sheet reported.
  • Company is well-positioned for further growth and shareholder value creation.
  • Board expresses confidence in strategic direction and future prospects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.