Flowtech Fluidpower (GB:FLO) has released an update.
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Flowtech Fluidpower PLC reports a challenging first half of 2024 with a 5.7% revenue decline amidst persistent market headwinds, although gross profit margin improved to 38.4% from 35.5% in H1 23. The company’s net debt decreased to £13.5m, and despite market slowdowns, they are confident in their Performance Improvement Plan and recent strategic acquisition of Thorite to boost future growth and profitability.
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