Aukett Swanke (GB:AUK) has released an update.
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Aukett Swanke Group PLC reported increased revenue but a higher trading loss for the first half of 2024, citing delays in project start dates and seasonal business impacts. The company is implementing cost reductions and has made strategic acquisitions in the Smart Buildings sector, aiming to shift towards a more scalable and predictable revenue model. Despite a challenging first half, the company anticipates a stronger second half with new Smart Buildings orders and expects to reduce net debt with the sale of a freehold property.
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