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CLS Holdings narrows loss but cuts dividend, causing stock to drop 8% amid sales push.
CLS Holdings, a UK property developer, reported a narrower pre-tax loss of £97.4 million for 2024 but cut its dividend by 33%, leading to an 8% drop in its stock price.
The company is accelerating asset sales to improve its financial position amid challenging market conditions.
Despite a higher revenue, CLS aims to sell the remaining £78.6 million of its targeted sales program in 2025.
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