Latitude Group Holdings Ltd. (AU:LFS) has released an update.
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Latitude Group Holdings Ltd. faced numerous challenges in 2023, including the effects of COVID lockdowns, geopolitical unrest, and high inflation, which led to a decline in consumer confidence and demand, impacting the company’s financial performance. In the face of a cyber-attack and a statutory loss, Latitude is refocusing on core products and markets under new CEO Bob Belan’s leadership, with early signs of recovery and positive Q1 performance. The company is also grateful for the ongoing support from its customers and partners and is optimistic about improving macro-economic conditions in the latter part of 2024.
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