UK's Gear4Music returns to revenue growth in Q2, shares rise

Gear4music (HOLDINGS)

22/10/2024 09:23

** Shares of British musical instruments retailer Gear4Music
 G4M.L  up 3.2% at 177p
    ** Co returns to revenue growth in Q2, says revenue grew 1%
    ** Expects core profit to be 2.9 mln pounds ($3.77 million)
for H1 FY25 vs the 2.4 mln pounds reported last year
    ** Says stronger growth achieved during October FY25 trading
to date
    ** FY outlook remains in-line with market expectations
    ** G4M shares have risen about 15% YTD



($1 = 0.7692 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))