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Severfield profits beat forecasts despite lower revenue

By Josh White

Date: Wednesday 19 Jun 2024

(Sharecast News) - Structural steel specialist Severfield reported revenue of £463.5m in its final results on Wednesday, down from £491.8m in 2023 amid softer market conditions.
The London-listed firm said despite that, underlying profit before tax rose 13% to £36.5m, surpassing expectations due to strong operational performance.

Underlying basic earnings...

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