The Parkmead (GB:PMG) has released an update.
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The Parkmead Group has turned around its financial performance, reporting a profit of £4.9 million for the year ended June 2024, compared to a £42.3 million loss the previous year. This improvement is attributed to increased production in its Dutch gas fields and successful diversification into renewable energy projects, despite facing challenges in the fluctuating gas prices. The company is also exploring further growth opportunities across its UK offshore assets and renewable energy ventures.
For further insights into GB:PMG stock, check out TipRanks’ Stock Analysis page.