Verbrec Ltd (AU:VBC) has released an update.
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Verbrec Ltd has reported a significant turnaround in profitability for the financial year ended June 30, 2024, with a notable increase in profit after tax and a reduction in losses from the previous year. Despite a 15.1% drop in revenue, the company’s net profit after tax attributed to members rose by 174.2%, indicating a solid recovery. No dividends were distributed or proposed during this period.
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