Mene Class B (TSE:MENE) has released an update.
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Menē Inc., a 24-karat jewelry brand, reported its 2023 fiscal year results with IFRS Annual Revenue of $23.3 million and a decrease in both revenue and gross profit from the previous year. Despite a challenging year with an operating loss of $1.2 million, the company saw robust customer loyalty with 70% of sales from returning customers and high customer satisfaction. Operational achievements included the repayment of the Goldmoney Inc. loan, new collection launches, and 51 new product designs.
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