Sarah Petty Updated 14 Aug 2024, 4:31pm First published 14 Aug 2024, 4:22pm. Herald Sun
Metricon has recorded a near-$76m turnaround just two years after it received a multimillion-dollar lifeline from its owners.
Australia’s largest home builder reported $42m in earnings in the 2024 financial year, a massive jump after being $33m in the hole in the financial year prior.
Over the past year, the business has seen significant increase in demand from customers looking to build with them, with a rise in deposits nationally from 3,303 in FY23 to 5,279 in FY24.
And the amount of homes the company completed increased by more than a third in the same time frame, rising from 2069 to 3239 across metropolitan Melbourne and regional Victoria.
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