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An announcement from Pure Foods Tasmania Ltd. ( (AU:PFT) ) is now available.
Pure Foods Tasmania Ltd has successfully completed an oversubscribed capital raise, securing approximately $1.76 million, surpassing its initial target. This capital boost, alongside the conversion of shareholder loans to equity, significantly strengthens the company’s financial position, supporting its path to profitability and long-term growth. The company’s preliminary FY25 results show a reduction in net loss by $1.1 million and improved cost efficiencies, indicating the positive impact of recent restructuring initiatives. These developments position Pure Foods Tasmania for sustainable growth, with plans to accelerate sales, expand margins, and explore strategic opportunities.
More about Pure Foods Tasmania Ltd.
Pure Foods Tasmania Pty Ltd, established in 2015, focuses on enhancing and promoting Tasmania’s premium food and beverage businesses. The company aims to develop new premium products within existing brands, expand into the plant-based food market, acquire complementary brands, and increase global market penetration and distribution. Its brands include Woodbridge Smokehouse, Tasmanian Pate, Daly Potato Co, and The Cashew Creamery.
YTD Price Performance: 66.67%
Average Trading Volume: 104,531
Technical Sentiment Signal: Sell
Current Market Cap: A$4.91M
Find detailed analytics on PFT stock on TipRanks’ Stock Analysis page.