Northern Bear (GB:NTBR) has released an update.
Northern Bear PLC has announced a slight decrease in revenue to £68.7m for FY24, with an increase in gross profit to £15.9m and a higher gross margin of 23.1%. The company has also reported a steady operating profit of £2.4m and a basic earnings per share of 9.5p, alongside a return of capital to shareholders and a proposed final dividend. Despite the challenging macro-economic climate and unusually high rainfall impacting the construction industry, the company maintains a strong forward order book and a positive start to FY25.
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