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Pure Foods Tasmania Provides Update on Financial Position and Audit Report

Story Highlights
  • Pure Foods Tasmania received an unmodified auditor’s opinion despite a noted material uncertainty.
  • The company executed loan extensions with CBA, restructuring payments to quarterly terms over two years.
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Pure Foods Tasmania Provides Update on Financial Position and Audit Report

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An update from Pure Foods Tasmania Ltd. ( (AU:PFT) ) is now available.

Pure Foods Tasmania Ltd has addressed an ASX query by providing details of its reissued full-year report for the year ended 30 June 2024. The company received an unmodified auditor’s opinion despite a noted material uncertainty regarding its ability to continue as a going concern. Additionally, Pure Foods Tasmania has executed loan extension agreements with the Commonwealth Bank of Australia, including restructured equipment finance loans, which have altered repayment terms to quarterly payments over two years. These financial adjustments are crucial for the company’s continued operations and financial stability.

More about Pure Foods Tasmania Ltd.

Pure Foods Tasmania Ltd is a company involved in the food industry, focusing on the production and distribution of high-quality Tasmanian food products.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €1.73M

Learn more about PFT stock on TipRanks’ Stock Analysis page.

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