TEAM plc (GB:TEAM) has released an update.
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TEAM plc has announced a significant increase in revenue and assets under management, with a 116% rise in revenue to £4.1 million and assets up 87% to £916 million for the first half of the financial year. Despite a loss before tax, the company is poised for growth, capitalizing on the exodus of wealthy individuals from Britain to cities where TEAM plc has a strong presence. The firm’s strategic focus on international expansion and converting assets under advice to assets under management, especially through its Multi Asset Portfolio Strategies, demonstrates its commitment to increasing profitability and leveraging global wealth migration trends.
For further insights into GB:TEAM stock, check out TipRanks’ Stock Analysis page.
