Lavoro Limited (LVRO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into LVRO stock, check out TipRanks’ Stock Analysis page.
