Fab-Form Industries Ltd. (TSE:FBF) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Fab-Form Industries Ltd. reported a net profit of $107,372 in the second quarter, a 21% decrease from the previous year, despite a slight 1.5% increase in revenue. Year-to-date figures also show a downturn, with net profits and revenue trailing the previous year’s results. The company highlighted successful initial testing and production of their new Fast-Tube product, expressing optimism for future growth.
For further insights into TSE:FBF stock, check out TipRanks’ Stock Analysis page.