Portmeirion (GB:PMP) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Portmeirion Group PLC reports a 17% decrease in revenue to £36.6 million for the first half of 2024, with sales in South Korea significantly declining but showing promise in US and UK markets. Despite a challenging environment, the company maintains a strong Christmas order book and anticipates meeting full-year market expectations. Cost restructuring efforts are set to reduce overheads by £4 million, supporting growth in operating margins.
For further insights into GB:PMP stock, check out TipRanks’ Stock Analysis page.