MLG OZ (ASX:MLG) has released its fiscal year financial results, revealing a statutory revenue of A$383.8 million, marking an increase of 32.4%.

The underlying NPAT (net profit after tax) surged to A$10.5 million, up by 18.8%.

The company also reported a strong outlook for further improvement in FY2024.

Not only is the revenue growth expected to sustain into FY2024, but the strong pipeline of secured work, among other contributing factors, and the potential for additional jobs within MLG OZ’s existing client base also point towards a positive outlook for FY2024.

MLG OZ operates in the mining and civil works services sector, providing comprehensive logistics and resource sector solutions.