Unisync (TSE:UNI) has released an update.
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Unisync Corp reported a decrease in fiscal 2024 revenue to $89.8 million, a drop of 13.3% compared to the previous year, attributed to reduced sales in both its UGL and Peerless segments. Despite the revenue decline, the company saw improvements in gross profits and reduced general and administrative expenses due to strategic cost management. The net loss before tax was reduced to $6.6 million from the prior year’s $12.4 million, showing signs of financial recovery.
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