Eurocell (GB:ECEL) has released an update.
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Eurocell plc reports a robust first-half performance with a 33% increase in adjusted profit before tax despite a 5% drop in sales, due to effective margin and cost management and reduced input costs. The company maintains its full-year expectations and has made promising early progress on strategic initiatives aimed at driving sustainable shareholder value. This progress includes a strong balance sheet enhanced by a £10 million share buyback program and the launch of a new £5 million buyback.
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