Eden Innovations Ltd (AU:EDE) has released an update.
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Eden Innovations Ltd reports a significant 57% decline in operating revenue to A$2.0 million for FY24, attributed to market instability and impending regulations in India affecting their OptiBlend product. Despite this downturn, the company managed to narrow its loss to shareholders to A$2.6 million, down from A$17.9 million the previous year, thanks to cost savings and property value adjustments. Eden Innovations continues to seek property sales to alleviate debt and improve working capital.
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