A Cheltenham-headquartered training technology specialist believes it is benefitting from being a “leaner, more streamlined organisation” and is now sitting on a platform for growth after narrowing its half-year losses.
In an update to the London Stock Exchange, Pennant International reported revenue for the six months to 30 June 2022 of £6.95m compared to £7.43m during the same period the year before.
Pre-tax losses narrowed from £1.69m to £810,000, while the group moved into the black with an EBITDA of £400,000 against a loss of £700,000 during H1 FY21.
Pennant International Group plc (LON:PEN) is a leading global provider of technology-based maintainer training and integrated product support solutions.
