Select Harvests (AU:SHV) has released an update.
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Select Harvests has reported a dramatic turnaround in its financial performance for FY2024, recording a net profit of $1.5 million compared to a significant loss in the previous year. The company’s almond crop production increased by nearly 50%, and it successfully raised $80 million through a capital raise to reduce debt and expand processing capacity. With improved cash flow and a favorable market environment, Select Harvests is poised for further growth.
For further insights into AU:SHV stock, check out TipRanks’ Stock Analysis page.
