Lavoro Limited (LVRO) has released an update.
Lavoro Limited reported a 5% increase in revenue for FY2024, reaching $1.89 billion, but faced a significant net loss of $154.6 million, driven by reduced gross profits and higher finance costs. Despite market challenges, the Crop Care segment performed well with a 24% revenue increase. The company aims to improve gross margins amid mixed market conditions for the upcoming fiscal year.
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