Westbond (TSE:WBE) has released an update.
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WestBond Enterprises Corporation reported a loss of $210,683 for the fiscal year ending March 31, 2024, marking a decline from the previous year’s profit of $574,550, with sales dropping by 16.9%. The downturn was attributed to unshipped orders due to a lack of warehouse and shipping staff, a situation the company is addressing by hiring additional personnel. Despite these challenges, WestBond sees growth in converted product sales and has expanded into new markets in the US and Canada in the food service industry.
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