De La Rue (GB:DLAR) has released an update.
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De La Rue PLC reports a challenging year with a decrease in group revenue to £310.3m and a drop in adjusted operating profit to £21.0m, although seeing a significant improvement in IFRS operating profit from a loss in the previous year. The Authentication division experienced growth with revenue rising to £103.2m and securing over £150m in future revenues from contract renewals. The Currency division faced a downturn but showed signs of recovery with a strong order book and high win rate, despite a decrease in revenue and adjusted operating profit.
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