Foraco International (TSE:FAR) has released an update.
Foraco International SA has reported a shift in business strategy towards more stable jurisdictions, leading to a temporary dip in revenue but maintaining strong profitability, with record-breaking quarters in North America and Australia. Despite a revenue drop from the EMEA and South American regions, the company achieved a 23% gross margin and remains optimistic about future growth.
For further insights into TSE:FAR stock, check out TipRanks’ Stock Analysis page.