Blue Power Group posts 16% revenue growth in first half of fiscal year

Blue Power Group has reported strong financial performance for the first half of its fiscal year, ending October 31. 

Revenues reached $469 million, a 16 per cent increase over the similar period last year, while shareholder profits rose 23 per cent to $87.1 million.

The company attributes its growth to improved customer engagement, product development, and operating efficiency. 

Enhanced plant productivity, better labour management, and supply chain improvements were also key contributors to maintaining competitiveness in its core product lines.

Blue Power Group says its balance sheet, investment portfolio, and liquidity remain strong.