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Wingara Ag Ltd. ( (AU:WNR) ) has provided an announcement.
Wingara AG Limited reported an 18% increase in revenues for the year ending March 2025, despite facing a challenging trading environment. The company paused operations at its Epsom site due to negative margins caused by depressed fodder prices, leading to staff redundancies. In response to ongoing market challenges, Wingara sold its Export Hay Press for AUD $750,000 and is focusing on reducing operating costs and exploring mergers and acquisitions. The company’s net loss after tax decreased by 53% to $1,466,195, reflecting improved financial performance compared to the previous year.
More about Wingara Ag Ltd.
Wingara AG Limited operates in the agricultural industry, focusing primarily on the fodder business. The company is involved in hay production and provides storage and marketing services to customers and farmers.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.23M
Learn more about WNR stock on TipRanks’ Stock Analysis page.
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