IG Design (GB:IGR) has released an update.
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IG Design Group Plc reports substantial profit growth and strong cash flow for the fiscal year ended March 31, 2024, with an adjusted profit before tax of $25.9 million, exceeding market expectations. The Group’s revenue met expectations at around $800 million, despite a 10% year-on-year decline, and closed the year with a net cash balance of $95 million, indicating a positive financial trajectory. CEO Paul Bal expresses confidence in the company’s strategy and operational efficiency, aiming to achieve pre-Covid profit margins by March 2025.
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