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Oldfields Accelerates Turnaround with Strong Q3 Sales and Debt Reduction
3:54am on Monday 2nd of June, 2025 AEST
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Industrial Products
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Oldfields Accelerates Turnaround with Strong Q3 Sales and Debt Reduction
3:54am on Monday 2nd of June, 2025 AEST
Key Points
Exited East Coast hire and service model to focus on sales and distribution
Reduced long-term ATO debt by $0.796 million in Q3
Raised $1.039 million in equity capital in Q1 FY2025
Strong sales momentum constrained by inventory and working capital limits
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Oldfields Holdings (ASX:OLH)
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