Babcock International (GB:BAB) has released an update.
Babcock International Group PLC has announced a robust financial performance for FY24, with a substantial increase in operating profit to £241.6 million and revenue of £4,390.1 million. The company has successfully reduced its net debt and reinstated dividends, reflecting confidence in its strategic progress and future prospects. Babcock’s growth was particularly driven by its Nuclear and Marine sectors, and the company is poised to benefit from increased global defence budgets.
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