Logistics Development Group Reports Profit Surge

Logistics Development Group (GB:LDG) has released an update.

Logistics Development Group PLC has reported a switch to profit with an underlying pre-tax profit of £1.6m for the first half of 2024, a significant improvement from the £0.5m loss in the same period last year, largely due to gains on investments. The firm actively managed its portfolio, divesting from Trifast plc for a gain and investing in high-yield loan notes, while also engaging in a share buyback program. Despite these positive financial moves, the Board has opted not to recommend an interim dividend payment.

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