Gusbourne (GB:GUS) has released an update.
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Gusbourne PLC has announced a substantial financial growth for the year ended December 2023, with a 13% increase in net revenue to £7.1m, and a 30% rise in gross profit to £4.8m. The company also reduced its adjusted EBITDA loss by 41%, and demonstrated strong sales growth across all distribution channels despite a challenging economic climate. Notably, their direct to consumer revenue saw an 18% increase, driven by successful cellar door operations and online sales.
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