Pennant International (GB:PEN) has released an update.
Pennant International Group PLC has reported a successful year with a return to operating profit and a record gross margin, driven by a shift towards high-margin software and services. The company’s revenues increased to £15.5 million from £13.7 million the previous year, with a notable improvement in EBITA profit from £0.5 million to £1.4 million. Strategic partnerships and acquisitions, such as Track Access Productions Limited and Aquila Learning Ltd, have broadened Pennant’s market reach and enhanced its proprietary software suite.
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