ADG records bumper profit lift
Resources sector equipment and parts provider ADG Global Supply has reported a 25 per cent increase in interim operating revenue which underpinned a $339,000 profit, bouncing back from a $40,000 loss in the previous corresponding period.
ADG said it achieved the result through $426,000 in fixed and variable cost reductions, including the closure of non-core warehouses and the consolidation of freight providers.
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