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Everest Global PLC on Friday reported its half-year results, which included a surge in revenue. The investment firm, which is focused on the food and beverage distribution sector, described the results as ‘pleasing’ and said it ‘is growing its presence in the London alcohol retail market and is considering growing its footprint further in this sector, with the addition of new retail stores’. ‘This period has seen significant transformation and growth, marked by a substantial increase in revenue, a return to profitability, and the successful expansion of our retail footprint,’ Everest said. For the six months ended April 30, the company reported a £75,716 pretax profit, swinging from the previous year’s loss of £285,307. Revenue more than doubled to £270,251 from £134,772, which Everest called ‘a clear indicator of our growth and the successful execution of our expansion strategy’. Everest also noted the opening in January of a new store, which it said ‘has exceeded initial expectations’. ‘Its performance has been a key driver of our revenue growth and has contributed positively to our overall profitability from its first full quarter of operation,’ the company added. Moreover, it said that key performance indicators - including inventory turnover, like-for-like sales growth, and gross margin percentage - ‘are trending in a positive direction’. Going forward, Everest Global said its strategic focus ‘remains on expanding our presence in the food and beverage distribution sector’. ‘The early success of our latest store opening validates our business model and provides a strong platform for future growth...The board is confident that Everest Global PLC is on a clear path to creating sustainable, long-term value for our shareholders,’ the company said. Shares in the company were untraded at 0.75 pence on Friday in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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