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The latest announcement is out from VIP Gloves Ltd. ( (AU:VIP) ).
VIP Gloves Limited reported a decrease in customer receipts for the December 2024 quarter, attributed to reduced sales activities and a focus on preparing for the re-commencement of its manufacturing facilities. The company is making significant strides in resuming production, with plans to fully operate six production lines capable of producing up to 480 million gloves annually. Additionally, VIP is in the process of finalizing a land disposal deal which is expected to complete early in 2025, and is defending an ongoing legal case. The restart of production lines is pivotal for the company’s growth and market positioning in the glove manufacturing sector.
More about VIP Gloves Ltd.
VIP Gloves Limited is a company listed on the Australian Securities Exchange, operating in the manufacturing industry with a focus on producing nitrile gloves.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$2.36M
Find detailed analytics on VIP stock on TipRanks’ Stock Analysis page.
