ADF Group Inc. SV (TSE:DRX) has released an update.
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ADF Group Inc. reported a significant increase in both revenue and net income for the first six months of 2024, with revenue up by 13.6% and net income nearly doubling. Despite a client’s delay affecting second-quarter revenue, the gross margin improved notably due to better fixed cost absorption and investments in automation. The company also boasted a substantial order backlog that will support operations into 2026.
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