Argentex Group Plc (GB:AGFX) has released an update.
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Argentex Group PLC, a currency management and payment solutions provider, reported a slight revenue decrease to £49.9m for the year ended 31 December 2023, compared to £50.4m in the previous year, while operating profit fell to £8.1m from £11.3m. Despite these challenges, the company remains debt-free and cash-generative, with net cash increasing to £18.3m. The company also expanded internationally, opening new offices in Dubai and receiving an Australian Financial Services Licence.
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