Norcros (GB:NXR) has released an update.
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Norcros plc, a leader in sustainable bathroom and kitchen products, reported resilient performance for the first half of 2024, achieving market share gains despite challenging demand. The company posted a revenue of £188.4m and an underlying operating profit of £19.7m, supported by strategic initiatives and product innovations. The UK saw revenue growth due to successful new product development and cross-selling, while South Africa maintained stability despite subdued consumer confidence.
For further insights into GB:NXR stock, check out TipRanks’ Stock Analysis page.
