Phoslock Environmental Technologies Limited (AU:PET) has released an update.
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Phoslock Environmental Technologies Limited reported improved financial performance in the September 2024 quarter, with operating cash outflows decreasing to $357,000 and customer receipts rising to $940,000. Despite disappointing sales figures, the company anticipates increased sales in the upcoming quarter, especially in Europe. Meanwhile, Phoslock continues to face significant legal expenses due to ongoing class actions and investigations.
For further insights into AU:PET stock, check out TipRanks’ Stock Analysis page.