Top Shelf International Holdings Ltd. (AU:TSI) has released an update.
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Top Shelf International Holdings Ltd., an Australian premium spirits company, reported a strong fourth quarter for FY24, boasting a 51% increase in underlying EBITDA to $10.1 million, driven by cost reductions and improved gross margins. The company celebrated nationwide distribution of its Act of Treason Australian Agave product and multiple international awards, alongside a successful $11.7 million equity raise. Their strategic expansions and product performance have positioned them for continued growth despite the challenging conditions in the beverage sector.
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