Cryosite Limited (AU:CTE) has released an update.
Cryosite Limited, a company with a significant liquid nitrogen tank farm and a strong footing in biological and clinical trials logistics, reports a successful financial year 2024, with a 31% increase in net profit after tax and a 28% rise in EBITDA. The company is expanding its facility to double its freezer and nitrogen tank capacity, anticipating further growth. Additionally, Cryosite announces leadership changes, including the retirement of CEO John Hogg and the promotion of Dr. Alicia Steel to General Manager.
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