ME Group Posts Strong Growth and Profitability

ME Group International (GB:MEGP) has released an update.

ME Group International PLC reports strong H1 2024 results with a 4.6% revenue increase and a 10.3% rise in profit before tax, outperforming the previous year’s figures even after adjusting for foreign exchange impacts. The company saw significant growth in its laundry operations, with an 18% increase in the number of installed Revolution laundry machines. With a robust financial position and the anticipation of a historically stronger second half, the Board remains confident in achieving record profitability for the full year.

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