Pennant International (GB:PEN) has released an update.
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Pennant International Group PLC reports a modest increase in revenue to £7.4m and an adjusted EBITA of £0.6m for the first half of 2024, despite a slight uptick in losses before tax. The company highlights the imminent launch of its Auxilium software suite and a strategic focus on restructuring its training systems business for long-term growth. Additionally, Pennant is experiencing strong revenue growth in the Indo-Pacific region and progressing well on the UK Apache contract, with the overall strategy aimed at enhancing software and service offerings in defence and related sectors.
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