Lavoro Limited’s FY2024 Results: Revenue Up, Losses Mount
In This Article:
Lavoro Limited (LVRO) has released an update.
Lavoro Limited reported a 5% increase in revenue for FY2024, reaching $1.89 billion, but faced a significant net loss of $154.6 million, driven by reduced gross profits and higher finance costs. Despite market challenges, the Crop Care segment performed well with a 24% revenue increase. The company aims to improve gross margins amid mixed market conditions for the upcoming fiscal year.
For further insights into LVRO stock, check out TipRanks’ Stock Analysis page.
Terms and Privacy Policy