Business
Trading Update
Trading Update.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nFOR IMMEDIATE RELEASE 25 July 2024\n \n \n\n \nPENNANT INTERNATIONAL GROUP PLC\n(the \"Company\", the \"Group\")\n \nTrading Update\nPennant International Group plc (AIM: PEN), the systems support and training solutions company, is pleased to provide a trading update for the six months ended 30 June 2024 (the \"H1 2024\").\n \nUnaudited financial summary\n \nSubject to review, the Group currently expects to report performance in H1 2024 as follows.\n \n\n· Revenues of £7.4 million (H1 2023: £7.1 million);\n\n\n \n\n\n· Increased gross margin of 48% (H1 2023: 47%);\n\n\n \n\n\n· Adjusted EBITDA (1) of £0.9 million (H1 2023: EBITDA of £0.8 million);\n\n \n\n· Adjusted EBITA (2) of £0.6 million (H1 2023: EBITA of £0.5 million);\n\n\n \n\n\n· Net debt at 30 June 2024 of £1.6 million (H1 2023: ...