Brief: Wellfully Says Raised A$1.5 Million To Fully Fund Current Working Capital Obligations
06/04/2023 02:08
April 6 (Reuters) - Wellfully Ltd WFL.AX :
* POST A STRATEGIC COST REVIEW HAS RAISED A$1.5 MILLION TO
FULLY
SATISFY AND FUND ITS CURRENT WORKING CAPITAL OBLIGATIONS
* CONSIDERS IN-HOUSE SOLUTION FOR DTC MARKET ACCESS TO BE
BEST
APPROACH TO MANAGE GROWTH AND SCALE OF WELLFULLY BUSINESS
* CONTINUING TO WORK ON ORGANISATIONAL RESTRUCTURING WITH A
VIEW
TO STREAMLINING OPERATIONS AND REDUCING OPERATIONAL COSTS
* EMBARKED ON DEBT RESTRUCTURING PROJECTS TO FURTHER BOLSTER
BALANCE SHEET
* BULK OF COST RESTRUCTURING RELATED TO CONSOLIDATION OF A
NUMBER
OF PROJECTS
Source text for Eikon: ID:nASXMRXzB
Further company coverage: WFL.AX
((Reuters.Briefs@thomsonreuters.com;))
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