Renold plc (GB:RNO) has released an update.
Renold plc has announced a robust financial performance for the fiscal year ending March 31, 2024, with notable achievements including a significant increase in adjusted operating profit and earnings per share, alongside a resumed dividend for shareholders. Despite a slight revenue dip due to currency fluctuations, the company has seen strong growth in margins and a reduction in net debt. The firm also highlighted the successful integration of Davidson Chain, which is expected to enhance its market presence in Australia.
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