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From the article. >The company now expects its full-year adjusted operating profit for the 2024 fiscal year to be around low-20 million, or $25 million, half o
by Cipater 3y ago
From the article.
>The company now expects its full-year adjusted operating profit for the 2024 fiscal year to be around low-20 million, or $25 million, half of its previous unadjusted estimates of 40.1 million, according to Refinitv data seen by Insider.
>"The challenge at the moment is that there simply isn't quite the demand there to be where we want to be, which is disappointing," Clive Vacher, the CEO of De La Rue, told Reuters on Wednesday.
It's still profitable, just not as profitable as it used to be.