Mosaic Brands Limited (AU:MOZ) has released an update.
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Mosaic Brands Limited has reported a substantial turnaround with operating cash inflows of $11.8 million this quarter, a significant improvement from the previous year’s $17.6 million outflow. The company, operating 730 stores and multiple online platforms in Australia and New Zealand, has also successfully refinanced its debt with Hilco Capital, securing a $45 million asset-backed loan. As it gears up for the Mother’s Day trading period, preliminary financial figures indicate strong operational performance, with all figures subject to final auditor review.
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