Mosaic Brands Limited (AU:MOZ) has released an update.
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Mosaic Brands Limited reported a net cash inflow of $6.6 million in the latest quarter, a significant improvement from the previous quarter’s $19.8 million outflow. Despite ongoing operational challenges which have led to a projected annual trading and statutory loss, with an anticipated EBITDA loss between $5 and $10 million, the company remains optimistic about a recovery in the first half of FY2025. All financial figures are preliminary and are pending final review by the company’s auditors.
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