Luceco plc (GB:LUCE) has released an update.
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Luceco plc reported a robust performance in the first half of 2024, with an 8% revenue increase to approximately £109m and a 15% rise in adjusted operating profit, hitting around £12.5m. Despite a challenging market, the company’s diverse product range and recent acquisition of D-Line have contributed to its strong financial position and operating margin improvement. The company maintains a solid balance sheet and is well-positioned for future growth, with full-year expectations remaining consistent with market predictions.
For further insights into GB:LUCE stock, check out TipRanks’ Stock Analysis page.
