Business
BRW: Profit dropped 57% to $4.6m as cyclone disruptions hit revenue and margins, but recovery is underway
BRW: Profit dropped 57% to $4.6m as cyclone disruptions hit revenue and margins, but recovery is underway
About this update from Bremworth Limited
Net profit after tax fell 57% to $4.6m on a 10% revenue decline, mainly due to Cyclone Gabrielle’s impact. The company rebuilt inventory, established a hybrid supply chain, and received $26.5m in insurance proceeds, positioning for growth and a return to dividends by 2026.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.