ZIGUP Reports Revenue Growth and Fleet Expansion

Redde Northgate (GB:ZIG) has released an update.

ZIGUP PLC reported a strong underlying revenue increase of 5.6% for the half-year ending October 2024, driven by growth in vehicle hire and claims services, despite a slight overall revenue dip. The company secured additional long-term funding, reducing borrowing costs and supporting fleet expansion, with fleet assets now valued at over £1.4 billion. ZIGUP remains confident in its full-year expectations, highlighting its robust financial position and strategic initiatives in the mobility services market.

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