IDT Australia Limited (AU:IDT) has released an update.
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IDT Australia Limited has secured a $20 million loan facility from Scottish Pacific Business Finance, a move that enhances its financial flexibility to support growth amid increasing demand. This new facility replaces a previous $4.7 million arrangement and comes as the company reports a significant boost in revenue, highlighting its strategic expansion plans in the pharmaceutical sector. The funding will help IDT capitalise on contract wins and scale operations to boost shareholder value.
For further insights into AU:IDT stock, check out TipRanks’ Stock Analysis page.
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