TipRanks

Notifications

Kinovo PLC Reports Strong Profit Growth Amid Revenue Dip

Kinovo PLC (GB:KINO) has released an update.

Kinovo PLC reported a robust performance for the first half of 2024, with a significant increase in profitability despite a slight dip in revenue. The company’s strategic focus on compliance, regeneration, and renewables drove a notable 8% rise in gross profit and a 10% boost in operating profit. Kinovo’s three-year visible revenue pipeline has grown to £175.2 million, reflecting strong market positioning and ongoing momentum in its core operations.

For further insights into GB:KINO stock, check out TipRanks’ Stock Analysis page.

Tags: ,
TipRanks UK Auto-Generated Newsdesk
Tipranks Auto-Generated Newsdesk is driven by TipRanks’ Financial Accountability Engine, which brings transparency and accountability to the financial markets. We level the playing field for retail investors, delivering all the news that publicly traded companies release. Our advanced AI scans company announcements, translating complex ideas into easily understandable articles, then sends the articles for editorial review. For any questions or comments, please write to support@tipranks.com.