Advanced Braking Technology Limited (AU:ABV) has released an update.
Advanced Braking Technology Ltd has reported strong financial results for FY24, with a 12% increase in revenue and a 15.62% rise in net profit after tax. The company has successfully executed its 2026 strategic roadmap, leading to sustained growth, innovative product developments like the new Failsafe Sealed Integrated Brake Systems for the TOYOTA Hilux, and a robust financial position with higher cash reserves. CEO Andrew Booth expressed pride in the record-breaking performance and optimism for continued growth in the upcoming fiscal year.
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