tiprankstipranks
RBG Holdings Reports Tough H1, Implements Cost Cuts
Company Announcements

RBG Holdings Reports Tough H1, Implements Cost Cuts

RBG Holdings Plc (GB:RBGP) has released an update.

Don't Miss our Black Friday Offers:

RBG Holdings plc has reported a challenging first half of 2024, with a decrease in revenue to £18.4m and significant losses, including a £5.7m loss before tax, attributed to a quieter May and June impacted by the General Election and non-recurring restructuring costs. The company has undertaken cost-cutting measures, including disposing of Convex Capital and reducing its property costs, expected to save £4.5m annually. Despite a robust July, the Board anticipates the full-year performance to fall significantly below market expectations.

For further insights into GB:RBGP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskRBG Holdings Insider Buys 6,502 Shares
TipRanks UK Auto-Generated NewsdeskRBG Holdings Insider Buys Company Shares
TipRanks UK Auto-Generated NewsdeskRBG Holdings Sees Major Voting Rights Shift
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App