IDT Australia Secures $20 Million Loan for Growth

IDT Australia Limited (AU:IDT) has released an update.

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.

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