Victoria (GB:VCP) has released an update.
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Victoria PLC reports a challenging first half of 2024 with a significant statutory net loss of £141.7 million compared to £18.9 million last year, despite efforts to increase market share and lower fixed costs. The company anticipates a rebound in demand due to improved market conditions and strategic cost reductions, positioning itself for future growth and recovery. Victoria’s focus on operational efficiency and market share gains aims to enhance earnings as economic conditions stabilize.
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