Pennant International Group plc (LON:PEN), the systems support and training solutions company, has announced its Final Results for the Financial Year ended 31 December 2023.
Commenting on the results, Pennant International Chairman, Ian Dighé, said: “I’m pleased to report my first set of results as Chairman of Pennant, highlighting significant Group-wide progress with a return to operating profit and record gross margins.
“We continue to invest in, and develop, our leading suite of services and solutions, helping our customers maximise their operational efficiency, whilst pursuing a Group strategy that focuses on higher value, higher margin, recurring software and services revenues.”
Key points: Financial
· Group revenues of £15.5 million (2022: £13.7 million);
· Gross profit margin of 50% (2022: 42%);
· EBITA profit of £1.4 million (2022: £0.5 million);
· Loss before tax of £0.4 million (2022: loss before tax £1.4 million);
· Operating profit of £0.1 million (2022: operating loss of £1.0 million);
