Merit Group (GB:MRIT) has released an update.
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Merit Group PLC reported a 6.1% decrease in revenue to £9.3m for the first half of 2024, with adjusted EBITDA dropping by 32% amidst increased investments in sales and marketing. Despite the short-term revenue dip, the company launched innovative AI-driven platforms to enhance service delivery and remains focused on long-term growth by expanding its sales capabilities. Merit Group is confident in returning to profitability and revenue growth by 2026.
For further insights into GB:MRIT stock, check out TipRanks’ Stock Analysis page.
