Jayride Group Ltd. (AU:JAY) has released an update.
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Jayride Group Ltd. reports a record contribution profit of $708K and improved unit economics, with net revenue per trip increasing to $9.08 and a profit margin of 51%. The company has realized annual cost savings of $3.75 million and is now free cash flow positive for June, signaling strong financial health and operational efficiency. The travel agents platform showed significant growth, becoming the second-largest channel for contribution profit, as the company continues to prioritize profitability over volume.
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