IG Design (GB:IGR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:IGR stock, check out TipRanks’ Stock Analysis page.
