Plexus Holdings (GB:POS) has released an update.
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Plexus Holdings has returned to profitability, reporting a profit before tax of £2.8 million for the year ending June 2024, a significant turnaround from a £4.2 million loss the previous year. This success is attributed to an exceptional licensing deal and major rental contracts in the North Sea, showcasing the company’s strategic shift towards growth in the Jack-up rental wellhead market and plug and abandonment projects. With a focus on expanding its Exact™ rental wellhead inventory and building global partnerships, Plexus is poised for further growth and innovation in the energy sector.
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