Tekmar Group Achieves Four-Year Profit High

Tekmar Group (GB:TGP) has released an update.

Tekmar Group PLC reports a significant improvement in profitability for the first half of the 2024 fiscal year, marking its highest profits in four years. Revenue increased slightly to £16.2 million, with a substantial rise in gross profit to £5.4 million and an adjusted EBITDA of £1.8 million. The Group’s strategic disposal of Subsea Innovation Limited for £1.9 million post-period, retention of property valued at £2.8 million, and a strong order book of £24.1 million demonstrate a robust financial performance and promising outlook.

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