Spaceandpeople plc (GB:SAL) has released an update.
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SpaceandPeople plc has reported a significant financial turnaround with the year ended December 31, 2023, showing a revenue jump to £5.8 million from the previous year’s restated £4.7 million, and an operating profit of £239k compared to a restated loss of £9k. The company attributes its recovery to strong growth in the UK and Germany, with a notable performance from their RUPU kiosk program and a renewed contract with ECE Germany. The return to profitability marks a positive shift after the challenges posed by COVID-19, and the company is looking to sustain profit growth in the coming years.
For further insights into GB:SAL stock, check out TipRanks’ Stock Analysis page.
