Pure Foods Tasmania Ltd. (AU:PFT) has released an update.
Pure Foods Tasmania Ltd has reported a quarter marked by significant restructuring, including cost reductions, product rationalisation, and capital management initiatives. The company secured a $500k short-term loan for working capital and has a cash balance of $2.432 million to support ongoing restructuring amid tough market conditions. Despite operational challenges, such as sealing machine issues and unsustainable labour demands, PFT has successfully renegotiated pricing and extended product distribution with major retailers.
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