Airboss of America (TSE:BOS) has released an update.
AirBoss of America has announced a mixed financial performance for 2023, with a significant increase in cash from operations to $40.9 million, despite a net loss of $41.7 million and an Adjusted Profit of negative $6.4 million. The company is undergoing a strategic transition to focus on its rubber solutions and manufactured products segments, aiming at long-term growth and shareholder value. They have also declared a quarterly dividend of C$0.07 per share, reflecting confidence in their financial stability and future plans.
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