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.
For further insights into AU:MOZ stock, check out TipRanks’ Stock Analysis page.