Diamond Estates Wines & Spirits (TSE:DWS) has released an update.
Diamond Estates Wines & Spirits Inc. reported a revenue decline in FY 2024 to $28.5 million, down from the previous year, largely due to a key supplier loss in their Agency division. However, they saw an increase in gross margin to 40.7% and an improved EBITDA, despite a net loss widening to $10.6 million from $8.9 million in FY 2023, influenced by a derivative liability change and the sale of an asset.
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