Light Science Technologies Holdings plc (GB:LST) has released an update.
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Light Science Technologies Holdings plc reports a 19.3% rise in revenue to £5.2m and an improved gross margin of 26.6% for the first half of 2024, with a reduction in loss before tax by 58.4%. The company is experiencing accelerated growth across its three divisions – controlled environment agriculture, contract electronics manufacturing, and passive fire protection. Strategic expansions and new contracts are expected to underpin further growth and the company is confident in reaching a breakeven point.
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