MHM Interim Report for the six months to 31 December 2022

MHM Automation Limited (MHM) has reported strong revenue and profitability growth with a 45% revenue increase to $42.8m and a 109% EBITDA increase to $4.44m in the six-month period to 31 December 2022.

The company also reported a net profit after tax of $3.08m, an increase of 119%.

A dividend of $476k was paid in September 2022.

The company is also in the process of acquiring Wyma Engineering.

This is expected to double the company's size and is aligned with its Step 100 strategy.

The company's forward orders stand at $54.9m and the management is confident of continued positive performance in the 2023 financial year.