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.
For further insights into AU:CAG stock, check out TipRanks’ Stock Analysis page.
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