Close the Loop Ltd. (AU:CLG) has released an update.
Close the Loop Ltd., a sustainable tech refurbishment company, has reported a robust fiscal year with a 59% increase in revenue to $219 million and an 85% rise in EBITDA to $45 million. The company’s North American operations have become a significant growth driver, contributing 58% of revenue and 74% of EBITDA, following the strategic acquisition of ISP Tek Services. With strong cash generation and decreased customer concentration, Close the Loop is set for future expansion and a sustained increase in shareholder value.
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