Advance ZincTek Limited (AU:ANO) has released an update.
Advance ZincTek Limited faces a challenging fiscal year with North American sales plummeting by 57.2%, impacting profits significantly despite a strong performance in Europe, Asia, and Australia. The company has expanded its distributor network across these regions and launched 25 new zinc-based dispersions. Additionally, they have improved their Alusion product quality and consistency by partnering with a new Japanese supplier, leading to reduced production costs.
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