Multistack International Limited (AU:MSI) has released an update.
Multistack International Limited reports a significant revenue increase of 178.61% in 2023, reaching $1.76 million, despite a net loss of $892,087. As the global economy faces slow growth, the company anticipates limited demand for its chiller products. However, they are actively seeking new sales opportunities and remain optimistic about their ORC technology’s future growth potential, with ongoing discussions for overseas distribution rights.
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