Smiths News PLC (GB:SNWS) has released an update.
Smiths News PLC has reported a robust financial performance for FY 2024, exceeding market expectations with revenues of £1,104m and adjusted operating profit of £39.1m, driven by operational efficiencies and strategic growth initiatives. The company has significantly reduced its debt, enabling a revised capital allocation policy and the declaration of a total dividend of 7.15 pence per share, marking a 72% increase from FY 2023. With long-term revenue agreements in place, Smiths News is well-positioned for continued stability and growth in the coming years.
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