Cape Range Ltd. (AU:CAG) has released an update.
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Cape Range Ltd has reported a notable financial improvement in the September 2024 quarter, driven by a 39% increase in Biztrak’s revenue compared to the previous year, primarily due to the Malaysian e-invoicing rollout. The company has successfully reduced its net cash outflow by 75%, thanks to improved revenues and stringent cost management. Biztrak also focused on product enhancements and participated in key industry events, setting the stage for continued growth.
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