Breedon (GB:BREE) has released an update.
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Breedon Group PLC reported a 3% revenue increase in the first half of 2024, despite challenging market conditions and an 18% decrease in profit before tax compared to the previous year. The company maintained its full-year expectations, attributing its resilient performance to strategic acquisitions such as BMC in the US, operational efficiencies, and disciplined pricing. Breedon also increased its interim dividend to 4.5p, signaling confidence in its long-term growth prospects.
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