TruFin (GB:TRU) has released an update.
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TruFin PLC has reported a significant financial turnaround, with gross revenue surging 261% to £25.3m and its first positive half-year EBITDA and profit before tax. The growth was largely driven by Playstack Ltd’s exceptional 710% revenue increase due to two successful game launches, while Oxygen Finance Group also showed strong performance with a 26% revenue increase and a 90% EBITDA growth. Despite a setback with Satago Financial Solutions’ contract termination by Lloyds Bank, TruFin remains optimistic about future growth and profitability.
For further insights into GB:TRU stock, check out TipRanks’ Stock Analysis page.
