Inventis Limited (AU:IVT) has released an update.
Inventis Limited reports a year-over-year decline in revenues by 16%, with a significant increase in its annual loss to $3.42 million, nearly double from the previous year due to restructuring and non-cash impairments. Despite the overall downturn, the company’s Technology Division shows promise with a 10% growth and an expansion into the U.S. market with their Hazavoid™ technology. No dividends were paid or declared during the period as the company focuses on its operational and geographical expansion.
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