Aferian plc (GB:AFRN) has released an update.
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Aferian plc has reported a promising second half of the year with an expected 20% increase in revenue compared to the first half, driven by strong demand for video streaming enhancements. The company’s cost-cutting measures have also resulted in a projected $2 million adjusted EBITDA and are set to reduce net debt by the year-end. This positive financial outlook positions Aferian for continued growth, benefiting from new business wins and improved cash flow.
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