Gale Pacific Limited (AU:GAP) has released an update.
Gale Pacific Limited reported a challenging financial year with a pretax loss of $1.4 million, attributed to adverse weather and subdued retail conditions. Despite this, the company reduced net debt significantly and implemented a new ERP system to streamline operations, which is expected to support future growth. The appointment of a new CEO and corporate restructuring aim to reduce costs and enhance operational efficiency as the company anticipates improved performance in the coming year.
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