Gateley (Holdings) (GB:GTLY) has released an update.
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Gateley (Holdings) PLC reported a robust performance for the first half of 2024, with revenue increasing by approximately 5% to at least £86 million and underlying profit before tax also rising by 5% to no less than £10.5 million. The company’s balance sheet has improved significantly, moving from net debt to a net cash position of £1.2 million, with strong activity levels, especially in transactional services. Despite potential cost impacts from changes in National Insurance contributions, Gateley remains optimistic about maintaining its market expectations for the year.
For further insights into GB:GTLY stock, check out TipRanks’ Stock Analysis page.
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