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Ultimate Products grows profits despite falling revenue

A share buyback proposal will be put to shareholders next month
April 9, 2024
  • Sales down at majority of brands
  • Gross margin rises

Ultimate Products (ULTP) recorded a drop in revenue in its interim results as the homeware business was hit by supermarket overstocking, revenue deferrals because of supply chain disruption, and the froth coming off the UK air fryer boom. 

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