Wingara Ag Ltd. (AU:WNR) has released an update.
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Wingara AG Limited, an agricultural products leader focusing on hay exports to Asia, reports mixed outcomes from FY2024 following the sale of Raywood site and operational downsizing. Despite a strong hay season, subdued demand from Asian markets led to unmet financial targets, compelling the company to explore strategic options in the export fodder sector. The Board and management team, commended for their cost-reduction efforts, are actively considering various opportunities within the agricultural industry.
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