London Security (GB:LSC) has released an update.
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London Security PLC reported a slight increase in revenue to £110.9m but a decrease in operating profit to £13.4m in the first half of 2024, affected by exchange rates and inflation. Despite these challenges, the company has a strong cash reserve of £39.5m and is actively pursuing acquisitions across Europe. A final dividend of £0.42 per share was paid in July 2024, demonstrating confidence in the company’s financial health.
For further insights into GB:LSC stock, check out TipRanks’ Stock Analysis page.