Anagenics Limited Streamlines Operations for Profitability

Anagenics Limited (AU:AN1) has released an update.

Anagenics Limited is undergoing a significant restructuring to simplify its business model and cut costs, aiming for modest profitability. Key steps include the disposal of the loss-making Face MediGroup, reducing liabilities by $670,000, and cutting staff numbers by over half. The company is also launching a new hair care brand, Manda, to boost sales and open new channels.

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