NRW Holdings Limited [ASX: NWH] share price increased by 7.23% today. Shares are currently trading at $1.34, up from $1.25 yesterday.
The Perth-based mining company provides civil contracting and mining services to resource and infrastructure sectors in Australia.
Established in 1994, the company now has 1,000 employees — with a market cap of $461.42 million, as reported by Simply Wall St.
Why the share price increase?
NRW Holdings share price increased after the company released the UBS Mining Services & Contractors Presentation this morning.
The announcement included an overview of the current results achieved by the company, stating that revenue is up 95% from the same period last year.
It also stated that net profit after tax before amortisation is up 70% on the prior comparative period.
What’s next for NRW Holdings?
NRW Holdings is expected to have a bright future ahead, in terms of returns, profitability and cash flow.
The mining company seems to tick all the boxes for high-growth generation. We may well see great things from them in the upcoming years.
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