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Logistics Development Group ( (GB:LDG) ) has provided an update.
Logistics Development Group plc reported a significant turnaround in its financial performance for the 13-month period ending December 2024, achieving a profit before tax of £19.8 million compared to a loss the previous year. The company made strategic divestments and investments, including the sale of its stake in Trifast plc and the acquisition of loan notes from The Power of Talent Midco Limited. Additionally, LDG completed a share buyback program and announced plans for further shareholder distributions. The company also experienced changes in its board and adjusted its accounting reference date to align with its investment manager’s private funds, aiming for more efficient financial reporting.
More about Logistics Development Group
Logistics Development Group plc (LDG) is an AIM-listed investing company that focuses on strategic investments in various sectors. The company has a diversified portfolio, including holdings in Finsbury Food Group, a leading UK and European bakery business. LDG aims to generate value through strategic investments and shareholder distributions.
Average Trading Volume: 783,898
Technical Sentiment Signal: Buy
Current Market Cap: £59.67M
Find detailed analytics on LDG stock on TipRanks’ Stock Analysis page.