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Aqua Bio Technology ASA Reports 2024 Financial Losses Amid Strategic Impairments

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Aqua Bio Technology ASA Reports 2024 Financial Losses Amid Strategic Impairments

The latest announcement is out from Aqua Bio Technology ASA ( (DE:3FZ) ).

Aqua Bio Technology ASA reported a negative financial result for 2024, primarily due to significant impairments related to the bankruptcy of its subsidiary, Skinteam Norge AS, and operating losses in two other subsidiaries. These impairments are seen as a strategic move to enhance the company’s future shareholder value.

More about Aqua Bio Technology ASA

Aqua Bio Technology ASA (ABT) is a distribution group specializing in skincare and nonfood sectors. It provides services and products across B2C, B2B, and B2B2 channels, including freight, customs, and logistics. The company is also involved in developing sustainable biotechnology for skincare and is listed on Euronext Expand.

YTD Price Performance: -14.12%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €16.32M

Find detailed analytics on 3FZ stock on TipRanks’ Stock Analysis page.

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