WestBond Encounters Loss Amid Personnel Shortage
Company Announcements

WestBond Encounters Loss Amid Personnel Shortage

Westbond (TSE:WBE) has released an update.

WestBond Enterprises Corporation reported a loss of $210,683 for the fiscal year ending March 31, 2024, marking a decline from the previous year’s profit of $574,550, with sales dropping by 16.9%. The downturn was attributed to unshipped orders due to a lack of warehouse and shipping staff, a situation the company is addressing by hiring additional personnel. Despite these challenges, WestBond sees growth in converted product sales and has expanded into new markets in the US and Canada in the food service industry.

For further insights into TSE:WBE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskWestBond Reports Profitable Quarter and Sales Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App