De La Rue (GB:DLAR) has released an update.
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De La Rue, a company specializing in secure banknotes and anti-counterfeiting solutions, has confidently passed all resolutions at its recent AGM and is optimistic about exceeding its mid- to high- £20 millions adjusted operating profit from FY24 in FY25, despite expecting net debt to increase due to inventory build and contract payment timings. Strategic discussions on the disposal of its divisions are advancing, with a further update anticipated in the coming weeks.
For further insights into GB:DLAR stock, check out TipRanks’ Stock Analysis page.