Cleantek Industries Inc. (TSE:CTEK) has released an update.
Cleantek Industries Inc. reported a decrease in revenue and a smaller net loss in Q2 2024 compared to the same quarter the previous year, attributing the downturn to lower seasonal activity in their primary market. The company remains optimistic, however, citing new operational efficiency plans, a recent private placement, and a new manufacturing financing facility to support future revenue and profitability growth. Additionally, Cleantek is focusing on expanding its sustainable product lines and exploring international sales opportunities, including recent successful trials in the Middle East.
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