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VIP Gloves Resumes Production Amid Legal Challenges and Capital Outlays
7:03pm on Monday 2nd of June, 2025 AEST
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Manufacturing
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VIP Gloves Resumes Production Amid Legal Challenges and Capital Outlays
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Customer receipts dropped to $0.214 million in December quarter from $0.993 million previously
Capital expenditure of approximately $500,000 spent on factory re-commissioning
Mortgage on vacant land redeemed ahead of imminent sale completion
Nitrile glove production restarted with phased ramp-up planned through 2025
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