AMA Corporation Plc (FR:ALAMA) has released an update.
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AMA Corporation Plc reported a 22% decrease in first-half revenue for 2024 compared to the previous year, attributing the decline to challenging market conditions and undergoing a strategic transformation focusing on artificial intelligence. To support its shift towards AI and enhanced offerings like the XpertEye solution, the company received a €4 million boost from its main shareholder, leading to a strengthened cash position. AMA’s management reshuffle and new CEO are geared towards revitalizing growth and steering the company towards profitability.
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