Marlowe (GB:MRL) has released an update.
Marlowe PLC has announced its preliminary unaudited results for the fiscal year ended March 31, 2024, with revenue up by 8% to £503.2 million and a focus on Testing, Inspection & Certification (TIC) and Occupational Health markets. Despite an increase in revenue, the company reported a statutory loss before tax of £10.9 million, attributed to higher finance costs and one-off expenses related to acquisitions and restructuring. Following a strategic review, Marlowe has completed a significant divestment and is returning capital to shareholders through dividends and a share buy-back program.
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