Northern Bear today announced its unaudited interim results for the six-month period ended 30 September 2023 (H1 FY24). Revenue was £36.9m, up 8.5% year-on-year (H1 FY23: £34.0m) and the gross margin increased to 22.2% (H1 FY23: 20.7%) through both greater economies of scale from higher revenues and continued careful contract selection and execution. The profit for the period was £1.3m (H1 FY23: £1.1m), translating into a diluted earnings per share of 6.7p (H1 FY22: 6.0p). The net cash was £0.4m ....
