GB Group plc (GB:GBG) has released an update.
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GB Group plc has concluded FY24 on a high note, with revenues touching £277.3 million and adjusted operating profits surpassing analyst expectations at approximately £61.2 million, indicating a growth driven by their Identity sector. The company has also successfully reduced its net debt to around £81 million, better than anticipated by analysts. Looking ahead, GBG projects continued revenue and profit growth into FY25, leveraging operational efficiencies gained over the past year.
For further insights into GB:GBG stock, check out TipRanks’ Stock Analysis page.
