Robinson (GB:RBN) has released an update.
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Robinson PLC has reported an 11% increase in revenue to £27.1m and a significant rise in pre-tax profits to £0.7m for the first half of 2024, compared to a loss in the previous year, with new CEO John Melia set to take the helm in December. The custom packaging company has improved its gross margin to 21%, successfully expanded its recycled material use in products, and is optimistic about meeting market expectations for the year. Despite challenging market conditions, Robinson’s strategic partnerships and technological investments have led to a promising increase in sales and operational performance.
For further insights into GB:RBN stock, check out TipRanks’ Stock Analysis page.
