Genuit Group (GB:GEN) has released an update.
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Genuit Group reports a mixed financial performance for the first half of 2024, with revenue down by 10.6% and statutory profits significantly lower, yet showcasing an improved underlying operating margin by 60 basis points. The company has completed strategic acquisitions aimed at expanding its sustainable solutions portfolio, despite a broader market downturn, and has maintained its interim dividend at 4.1 pence per share. Looking ahead, Genuit anticipates a subdued market but expects to meet full-year profit forecasts, supported by operational efficiencies and strategic growth initiatives.
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