Jatcorp ltd (AU:JAT) has released an update.
Jatcorp Ltd has reported a significant improvement in its financial performance for the third quarter of FY2024, with a net profit of $2 million and a revenue increase of 31% to $14.8 million compared to the previous year. The company also announced a favorable final judgment in the Sunnya litigation, confirming Sunnya’s ownership of key brands in Australia and New Zealand, and enabling lawful exports to China. Jatcorp is optimistic about continued profitability and is planning for enhancements in the coming fiscal year.
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