Inventis Limited (AU:IVT) has released an update.
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Inventis Limited faced a challenging fiscal year 2024, marked by significant one-off costs aimed at expanding its Technology Division and restructuring its Furniture Division. Despite reduced sales in the Furniture Division due to industry setbacks, the Technology Division showed promise with a 10% revenue increase and international growth initiatives, including a notable expansion effort in the USA. The company’s associate, Winya Indigenous Furniture, also reported strong performance, contributing to a positive outlook for Inventis’s future growth strategies.
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