Gulf & Pacific Equities (TSE:GUF) has released an update.
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Gulf & Pacific Equities Corp. experienced a 5.4% boost in annual revenues, achieving $4,442,745 in 2023, while also announcing new leasing activities at Tri-City Mall. Despite the revenue increase, the company faced a slight decline in net income before adjustments and taxes, dropping from $170,142 in 2022 to a loss of $23,161 in 2023. However, total net income and comprehensive income remained robust at $1,161,620 for the year.
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