Woodbois Limited (GB:WBI) has released an update.
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African sustainable forestry company Woodbois Limited has reported improved financial results for H1 2024, with a narrower EBITDAS loss and increased gross profit, despite a decrease in revenue compared to H1 2023. The company attributes these results to successful operational restructuring and cost-saving measures, which have also led to reduced working capital and borrowings. Woodbois’ leadership is optimistic about the future, citing stronger foundations for growth and profitability.
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