Bremworth Limited has today announced strong financial and strategic progress ahead of its transformation plan, with FY22 EBITDA of $4.9m and a 44% increase in normalised EBITDA, as well as a 29% increase in NPAT to $2.2m and a 325% increase in normalised NPAT.
The company has continued to focus on structural improvements, driving operational efficiencies and benefits, as well as an increased focus on premium residential consumer demand and growing demand for rugs.
Elco Direct has seen a strong growth in revenue and average sell price.
The strong financial results and robust balance sheet provides a strong platform to continue executing the strategy.
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