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VIP Gloves Ltd. ( (AU:VIP) ) has provided an update.
During the September 2024 quarter, VIP Gloves Limited reported a net operating cash flow of $0.04 million from customer receipts totaling $0.99 million, despite suspended manufacturing activities. The company is gearing up to resume production with an aim to restart one manufacturing line by the end of 2024 and all six lines by the third quarter of 2025, supported by proceeds from a land sale to bolster working capital.
More about VIP Gloves Ltd.
VIP Gloves Limited operates in the manufacturing industry, focusing primarily on the production of nitrile gloves, which are essential in various sectors including healthcare and industrial applications. The company is listed on the Australian Securities Exchange (ASX) and is preparing to recommence its manufacturing operations after a period of suspension.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$2.36M
See more data about VIP stock on TipRanks’ Stock Analysis page.
