Baumart Holdings Ltd (AU:BMH) has released an update.
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Baumart Holdings Ltd has confirmed compliance with accounting standards and a true and fair view of its financial performance for the half-year ending December 31, 2023. The company remains confident in the recovery of trade receivables, especially from Sierra Diamonds, and expects its current financial condition to support ongoing operations and listing on the ASX. Directors believe the company can meet its debts as they come due, given their net working capital, available trade finance, and the potential to further reduce operating overheads or raise additional capital if needed.
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