HCSlingsby plc Reports H1 2024 Financial Struggle

HCSlingsby plc (GB:SLNG) has released an update.

HCSlingsby plc has reported a challenging first half of 2024, with a 6% drop in group sales compared to the previous year and an unaudited loss before tax of £0.25m, attributed to factors including increased minimum wage, lower seasonal product sales, and political uncertainty. The company, facing a competitive market and potential economic downturn, has opted not to declare an interim dividend and continues to seek additional Non-Executive Board members. Despite a slight increase in net debt, HCSlingsby assures its operation within existing banking facilities and explores additional funding options.

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