PipeHawk PLC Eyes Profitability Amid Subsidiary Setback

Pipehawk (GB:PIP) has released an update.

PipeHawk PLC has reported an increase in turnover to £9.1 million for the year ending June 2024, despite facing challenges that led to its subsidiary QM Systems Ltd entering administration. The company is optimistic about returning to profitability by June 2025, with its other subsidiaries like Thomson Engineering Design Ltd and Adien Ltd showing promising growth in both domestic and international markets. These developments highlight PipeHawk’s strategic focus on infrastructure sectors, which are less affected by the UK’s current economic uncertainties.

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