Brand Architekts Group plc (GB:BAR) has released an update.
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Brand Architekts Group plc, a British beauty brand, has announced that its sales for FY24 met market expectations at approximately £17 million, despite a strategic scale-back of underperforming brands to concentrate on its more profitable lines. The company has made significant strides in reducing operating losses, attributed to enhanced operational efficiencies and rigorous cost control efforts, including targeted advertising and overhead reductions. They also reported a robust net cash position of around £7 million and are optimistic about future profitability, driven by international expansion and new product developments.
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