Touchstar (GB:TST) has released an update.
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Touchstar PLC, a supplier of mobile data computing solutions, has announced a strategic review that could lead to a potential sale of the company amidst a 50% increase in interim dividend, signaling confidence in its financial health. Despite a 6.7% revenue decrease in the first half of 2024 compared to the previous year, the company reports trading ahead of management expectations with a strong cash position and continued investment in growth. The company’s commitment to shareholder value, employee opportunities, and customer service is underscored as they explore various strategic options.
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