Carclo plc (GB:CAR) has released an update.
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Carclo plc has reported an 8.9% decline in revenue to £61.0 million for the half-year ending September 2024, due to strategic exits from non-scalable businesses, but managed to increase underlying operating profit to £3.4 million. The company achieved notable improvements in operational efficiency and cost management, enhancing its profitability despite the revenue drop. With a reduced net debt of £25.2 million and a solid turnaround plan, Carclo is well-positioned for future growth.
For further insights into GB:CAR stock, check out TipRanks’ Stock Analysis page.
