Speedy Hire (GB:SDY) has released an update.
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Speedy Hire reports a steady trading performance for the first half of 2024, despite challenging market conditions, with hire revenue holding stable but a slight dip in overall revenue due to decreased fuel revenues. The company continues to invest in its growth strategy, expecting further contract wins to boost future revenues, although net debt has risen due to strategic investments. The joint venture in Kazakhstan faces delays, but new contracts are expected to drive significant growth in the second half.
For further insights into GB:SDY stock, check out TipRanks’ Stock Analysis page.