RA International Group Plc (GB:RAI) has released an update.
RA International Group Plc reports a stable revenue of USD 30.5m in H1 2024, consistent with previous periods, despite a shift towards lower-margin logistics work and strategic investments in ongoing projects leading to an EBITDA loss of USD 1.4m. The company has successfully completed a project for the US Navy and is preparing for new opportunities and bids, including two large UN bids, aiming for a profitability rebound in H2. Net debt increased to USD 5.9m, with the company set to repay part of its debt in November 2024 and the rest maturing in January 2027.
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