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Peppermint Innovation Reports Strong Quarterly Growth

Peppermint Innovation Reports Strong Quarterly Growth

Peppermint Innovation Limited (AU:PIL) has released an update.

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Peppermint Innovation Limited reported a robust performance in the June 2024 quarter with a 14% increase in overall revenue and a notable 136% rise in bizmoLoan revenue. The company made significant strides in its partnership with MASS-SPECC, launching the Pinoy Coop Mobile App to potentially reach 3.4 million members, while also cutting operational costs by approximately AUD$150,000 quarterly. Additionally, Peppermint secured new contracts worth over AUD$315,000, contributing to a strong forecast for its AI and Customer Experience division.

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

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