CE Brands, Inc. (TSE:CEBI) has released an update.
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CE Brands Inc. reported a decreased annual revenue for 2024, citing a significant drop due to the termination of their Kodak licence agreement and lower B2C sales. Despite this, the company saw a remarkable improvement in gross profit and a substantial reduction in net loss, signaling a positive shift in the company’s financial health. The interim CEO expresses optimism with the company’s restructuring, improved capital structure, and upcoming product launches.
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