Plexus Holdings plc (POS.L) posted first half profit before tax of 2.2 million pounds compared to a loss of 2.1 million pounds, last year. Profit per share was 2.19 pence compared to a loss of 2.06 pence.
For the six months ended 31 December 2023, sales revenue increased to 5.09 million pounds from 709 thousand pounds, prior year. The company noted that this significant increase is driven by the recently announced licensing agreement with SLB generating revenues of 4.08 million pounds.
Looking forward, the company said its performance for the first half of fiscal 2024 is in line with management's expectations and the Board anticipates that the performance for fiscal 2024 will be in line with current market forecasts.
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