Gale Pacific Limited (AU:GAP) has released an update.
Gale Pacific Limited reported a $1.4 million loss before tax for FY24, with a revenue decrease of 7% compared to the previous year. Despite market share gains in the Americas and a revenue boost in developing markets, the company announced no dividend for FY24 and detailed a decline in EBITDA by 31%. Looking forward, Gale Pacific is focused on market expansion, product innovation, and cost-reduction strategies to return to profitability in FY25.
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