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An update from Mighty Kingdom Ltd ( (AU:MKL) ) is now available.
Mighty Kingdom Ltd has initiated a review process aimed at enhancing efficiency across its operations, prompted by industry challenges in generating new work-for-hire revenue. This process involves significant management restructuring, which will streamline senior positions and potentially impact overall staff numbers, thereby affecting the company’s cost base. However, the company’s ability to fulfill existing contracts remains unchanged, and it is committed to consulting and supporting affected staff during the transition.
More about Mighty Kingdom Ltd
Mighty Kingdom Ltd operates in the entertainment industry, focusing primarily on video game development. The company is known for its work-for-hire contracts, catering to various clients needing game development services.
Average Trading Volume: 2,232,281
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.51M
Find detailed analytics on MKL stock on TipRanks’ Stock Analysis page.
