PUDO Inc (TSE:PDO) has released an update.
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PUDO Inc. has reported a 15% decrease in revenues and a 51.9% increase in comprehensive loss for FY 2024, attributed to a client’s business model change affecting returns processing. Despite these challenges, the company noted significant partnerships with Staples Canada and WISH, and an improved cost structure that is expected to enhance future profitability and cash flow. PUDO Inc. emphasizes its growth in the PUDO Label Return services and its crucial role in e-commerce returns solutions.
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