Creightons (GB:CRL) has released an update.
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Creightons PLC has reported a significant improvement in its financial performance for the first half of 2024, with a gross profit margin increase to 44% and a notable rise in operating profit to £1.7 million. The company saw a 17.4% boost in private label sales, despite a downturn in branded and contract manufacturing revenues. Efforts in cost reduction and strategic focus on high-performing product lines have contributed to a stronger financial position and reduced net debt.
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