Booktopia Group Ltd. (AU:BKG) has released an update.
Booktopia Group Ltd, an Australian online book retailer, reported a positive operating cash inflow of $781,000 for the first quarter of 2024, despite the post-holiday slowdown in the book market and broader economic challenges. The company has continued to implement cost-saving measures and operational efficiencies, resulting in reduced office employment costs by 34%. Additionally, a strategic review aimed at improving earnings is underway and is expected to conclude by the fiscal year’s end.
For further insights into AU:BKG stock, check out TipRanks’ Stock Analysis page.
