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The latest announcement is out from Hercules Site Services Plc ( (GB:HERC) ).
Hercules Site Services plc announced its audited results for the year ended 30 September 2024, reporting significant growth across its core operations. The company achieved a 28% increase in revenue from continuing operations, driven by strong demand in its Labour Supply and Civil Projects sectors. The decision to divest its Suction Excavator division is part of a strategic focus on core services, expected to reduce debt and enhance earnings. The successful £8m equity fundraising supports its strategy of organic growth and targeted acquisitions. The company has also launched a Construction Academy to support training and development needs, and it remains optimistic about future growth prospects given the robust infrastructure sector outlook.
More about Hercules Site Services Plc
Hercules Site Services plc is a leading technology-enabled labour supply company that operates within the UK infrastructure and construction sector. The company primarily focuses on providing labour resources for infrastructure projects and construction services, leveraging technology to enhance operations and client offerings.
YTD Price Performance: 11.39%
Average Trading Volume: 28,720
Technical Sentiment Consensus Rating: Sell
For detailed information about HERC stock, go to TipRanks’ Stock Analysis page.
