Plexure is confident it will eventually receive payment from Belarus and Ukraine

Plexure is confident it will eventually receive payment from Belarus and Ukraine
Plexure CEO Dan Houden told shareholders 2023 profit guidance may be "understated". (Photo: BusinessDesk)
Dan Brunskill
Plexure’s chief financial officer told shareholders at the company's annual meeting he was confident that payments for $7.2 million in outstanding invoices would be made. In its 2022 financial results, the company reported a net loss of $24m, which included a $300,000 deduction for “doubtful debts in relation to two markets impacted by the war in Ukraine”.The financial accounts showed a significant increase in accounts receivable which more than doubled to $7.3m, up from $3m in 2021. A New Zealand Shareholders As...

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