Kinovo PLC Reports Strong Profit Growth Amid Revenue Dip

Kinovo PLC (GB:KINO) has released an update.

Kinovo PLC reported a robust performance for the first half of 2024, with a significant increase in profitability despite a slight dip in revenue. The company’s strategic focus on compliance, regeneration, and renewables drove a notable 8% rise in gross profit and a 10% boost in operating profit. Kinovo’s three-year visible revenue pipeline has grown to £175.2 million, reflecting strong market positioning and ongoing momentum in its core operations.

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