Jumia Technologies AG (JMIA) has released an update.
Jumia Technologies AG reports a mixed financial outcome for Q2 2024, with revenue down by 17% year-over-year but showing a positive trend in constant currency with a growth of 15%. The company has made headway in reducing its operating loss and improving cash efficiency, with a significant 55% reduction in quarterly cash burn. These results reflect Jumia’s strategic focus on cost management and growth in the African e-commerce market.
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