Pinewood Reports Higher First-Half Profit
Pinewood Technologies posted an 11.4 percent rise in first-half underlying core profit to 8.8 million pounds. The growth was driven by the acquisition of Seez AI as the firm prepares for a US rollout.
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PINEWOOD TECHNOLOGIES GROUP posted an 11.4% rise in first-half underlying core profit to £8.8 million ($11.66 million), driven by the integration of Seez AI. The United Kingdom software provider reaffirmed its fiscal guidance amid an impending buyout. The results arrive as the firm prepares for its North American expansion ahead of a private equity acquisition.
