IG Design (GB:IGR) has released an update.
IG Design Group Plc reports substantial profit growth and strong cash flow for the fiscal year ended March 31, 2024, with an adjusted profit before tax of $25.9 million, exceeding market expectations. The Group’s revenue met expectations at around $800 million, despite a 10% year-on-year decline, and closed the year with a net cash balance of $95 million, indicating a positive financial trajectory. CEO Paul Bal expresses confidence in the company’s strategy and operational efficiency, aiming to achieve pre-Covid profit margins by March 2025.
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