K-Bro Linen (TSE:KBL) has released an update.
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K-Bro Linen Inc. has reported an impressive increase in revenues and net earnings for both the fourth quarter and the full year of 2023, with significant growth in its healthcare and hospitality segments. EBITDA and adjusted EBITDA have also seen a substantial rise in 2023 compared to the previous year. The company has a positive outlook for 2024, anticipating continued strong performance in healthcare services and steady growth in hospitality driven by business and leisure travel.
For further insights into TSE:KBL stock, check out TipRanks’ Stock Analysis page.
