Ibex Technologies: Strong Growth Amidst Acquisition

Ibex Technologies (TSE:IBT) has released an update.

Ibex Technologies Inc. reports a 12% revenue increase in the second quarter and a 15% uptick over six months, attributed to the robust hemostasis market. Despite higher revenues, net earnings decreased due to expenses from a proposed acquisition by BBI Solutions OEM Limited and increased income taxes. Shareholders are set to vote on the acquisition, with shares priced at $1.45, as recommended by IBEX’s Board of Directors.

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