Hargreaves Services PLC Balances Year with Strategic Focus
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Hargreaves Services PLC Balances Year with Strategic Focus

Hargreaves Services (GB:HSP) has released an update.

Hargreaves Services PLC reported a mixed financial year ending May 31, 2024, with a strong performance in their Services and Hargreaves Land divisions offset by reduced profitability in their German Joint Venture, HRMS. Despite a decrease in overall profit before tax to £16.9m from the previous year’s £27.3m, the company is set to progress with a debt-free balance sheet and a solid pipeline of secured revenue. They also plan to capitalize on renewable energy land assets, expecting to bring the first tranche to market within the current financial year.

For further insights into GB:HSP stock, check out TipRanks’ Stock Analysis page.

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