Pennant International (GB:PEN) has released an update.
Pennant International Group PLC reports a promising first half of 2024, with revenues up to £7.4 million from £7.1 million the previous year and a notable increase in gross margin to 48%. The company is also advancing with its strategic software investment, ‘Auxilium’, set for industry unveiling in Q4 2024. Amidst a positive outlook with the UK’s commitment to higher defence spending, Pennant anticipates new software to boost the second half-year performance.
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