InvestSMART

Inventis Limited (ASX:IVT)

ALERT: Price-sensitive ASX Announcement for IVT
Current share price for IVT : $0.010 -0.017 (-62.96%)+
Announcement
Release
5 Mar 2025 9:29AM
Price at Release
$0.027
Full Release
download
Summary
In the 1H25 sales results, Inventis Limited reported a significant decrease in sales revenue for IVT, totaling $4,864,289, which is down 38% from the previous year. The company is actively seeking investment funds to support its growth plans in the USA and has received requests for quotes from Philippine government departments for emergency vehicles, potentially exceeding $60 million. The Furniture Division is experiencing delays due to a national tender cycle, while the Technology Division shows growth with a 56% increase in sales. Cost-cutting measures have been implemented, including a reduction in operational expenses and relocation of facilities, leading to significant annual savings.
Key Points
  • Sales revenue for IVT decreased by 38% in 1H25 compared to 1H24.
  • The company seeks investment funds for growth plans in the USA.
  • Expected sales from potential government contracts in the Philippines exceed $60 million.
  • The Furniture Division faces delays due to a national tender cycle.
  • The Technology Division saw a 56% increase in sales year-over-year.
  • Operational expenses reduced by 7% compared to the previous year.
  • Significant rental cost savings achieved through relocation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.