Carbonxt Group Ltd. (AU:CG1) has released an update.
Carbonxt Group Ltd. reports a slight revenue decline in FY24, but anticipates growth with a 25% increase in annualized revenue following a major contract win with a waste-to-energy provider and operational improvements. The company is also nearing completion of a new activated carbon plant in Kentucky, expected to significantly scale its business in FY25. Additionally, there has been a strategic shift in product mix, with powdered carbon sales increasing due to higher demand and renegotiated contracts.
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