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LONDON - Unigel Group plc (AQSE:UNX), a manufacturer of materials used in telecommunication fibre optic cables, reported a 28% increase in revenue to £18.89 million for the six months ended June 30, compared to £14.80 million in the same period last year.
According to the company’s interim results statement, profit after tax rose 64% to £1.53 million from £0.93 million in the first half of 2024. Gross profit increased to £3.70 million from £3.01 million, though gross profit margin slightly decreased to 19.6% from 20.3%.
The company cited several operational developments, including the successful transition and scaling of its partner plant in Malaysia, continued operational improvements in its US-based Unitape operations, and market share gains in its steel tape business.
Administrative expenses rose modestly to £1.92 million from £1.78 million in the comparable period.
The company distributed dividends of 1.5 pence per share in November 2024 and 2.0 pence per share in April 2025.
For the full year 2024, Unigel had reported revenue of £29.17 million and profit after tax of £1.66 million.
The company’s shares are traded on the Aquis Stock Exchange Growth Market under the ticker UNX.
This information was disclosed in a press release statement issued by the company.
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