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RS Group's underlying profits slump 25%

By Benjamin Chiou

Date: Wednesday 22 May 2024

(Sharecast News) - RS Group saw annual profits drop by a quarter, which the industrial and electrical products provider blamed on weakness in global industrial production and the unwinding of unusual post-pandemic trading tailwinds.
Adjusted operating profit slumped by 25% on a like-for-like basis to £312m in the 12 months...

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