Adentra Inc. (TSE:ADEN) has released an update.
ADENTRA Inc. has reported a solid performance for 2023 with a steady Adjusted EBITDA of $44.5 million in Q4 and an overall cash flow from operations amounting to $238.1 million for the year. Despite a 13.2% decrease in annual sales compared to 2022, the company successfully maintained a gross margin above 20% and reduced operating expenses amid economic inflation. Additionally, ADENTRA increased its quarterly dividend by 8% and lowered its debt significantly, showcasing a resilient and wisely managed financial strategy.
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