SKS Technologies Group Limited (AU:SKS) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SKS Technologies Group Ltd has announced a significant boost in bank financing, with CBA facilities increasing by 44.8% from $14.5 million to $21 million, marking the third increase in just two years. This financial growth correlates with the company’s operational expansion, reflected by a more than fourfold increase in work on hand from $39 million to $160 million since June 2022. The additional funds are expected to support SKS Technologies’ ambitious growth plans and improve its capital structure without the need for raising extra capital.
For further insights into AU:SKS stock, check out TipRanks’ Stock Analysis page.