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An update from Top Shelf International Holdings Ltd. ( (AU:TSI) ) is now available.
Top Shelf International Holdings Ltd. remains in voluntary trading suspension as it finalizes FY24 financial statements and negotiates debt and funding solutions. The company has made strategic moves including the sale of its Campbellfield facility to address operating needs, resulting in a 22% improvement in underlying EBITDA. Despite challenging trading conditions, notable brand recognition and new product launches contribute positively. However, Top Shelf faces significant financial pressures, with substantial debt and cash outflows, as it seeks resolution for outstanding excise tax obligations with the ATO.
More about Top Shelf International Holdings Ltd.
Top Shelf International Holdings Ltd. is a leading premium spirits company based in Australia, focusing primarily on the production and distribution of high-quality alcoholic beverages.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13M
See more insights into TSI stock on TipRanks’ Stock Analysis page.
