Viohalco (GB:0QI2) has released an update.
Viohalco reported resilient financial results for the first half of 2024 with a steady operating profitability of EUR 273 million, despite a slight decrease in revenue to EUR 3.3 billion amid a weak European demand. The company saw a significant increase in profit before income tax to EUR 112 million, aided by growth in the cables and steel pipes segments and a positive turn in metal effect. However, net debt rose to EUR 1,928 million due to working capital seasonality.
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