Hostmore PLC (GB:MORE) has released an update.
Hostmore PLC has reported its annual results for the fiscal year ending December 2023, revealing a transitional year marked by significant operational improvements in the second half, cost reductions, and a reduction in operational losses from £95.8 million to £11.1 million. Revenue saw a slight decline from the previous year, and net debt improved. The company also announced a transformative all-share acquisition of TGI Fridays, Inc. and the deferment of new store openings, saving on capital expenditures and improving financial flexibility.
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