Restore (GB:RST) has released an update.
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Restore PLC reports a stable half-year revenue of £139.4m with a slight improvement in adjusted operating profit by 9% to £23.6m, driven by increased margins in Records Management and reduced overheads. The company has also declared an increased interim dividend of 2.00p per share and has secured a substantial six-year contract with the DWP worth over £70m, expected to start in FY25. Despite a broad flatlining in revenue, Restore PLC’s strategic initiatives, such as the property consolidation and digital integration, are set to enhance operational efficiency and profitability.
For further insights into GB:RST stock, check out TipRanks’ Stock Analysis page.
