Woodbois Limited (GB:WBI) has released an update.
Woodbois Limited, a major player in the international timber industry, faced significant operational and financial challenges in 2023, including a 66% revenue drop and a shift to an EBITDA loss of $4.6m. Despite these setbacks, strategic measures such as reducing debt, securing new funding, and implementing operational improvements have been taken to catalyze a financial rebound. The company remains committed to sustainable forestry and is optimistic about building a stronger, more resilient future.
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