Logistics Development Group (GB:LDG) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Logistics Development Group PLC has reported a switch to profit with an underlying pre-tax profit of £1.6m for the first half of 2024, a significant improvement from the £0.5m loss in the same period last year, largely due to gains on investments. The firm actively managed its portfolio, divesting from Trifast plc for a gain and investing in high-yield loan notes, while also engaging in a share buyback program. Despite these positive financial moves, the Board has opted not to recommend an interim dividend payment.
For further insights into GB:LDG stock, check out TipRanks’ Stock Analysis page.
