Harland & Wolff Group Holdings PLC (GB:HARL) has released an update.
Harland & Wolff Group Holdings PLC reported increased revenues of £86.91 million for FY23, a significant jump from the previous year, while reducing operating losses to £24.71 million and overall losses to £43.08 million. The company has made substantial progress on strategic contracts, including the £750 million Fleet Solid Support Programme and the SeaRose Midlife Extension, and continues to engage in procurement and expansion efforts. Despite a delay in publishing audited financial statements leading to a temporary suspension of share trading, Harland & Wolff anticipates achieving £200 million in revenue for FY24.
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