Qoria Ltd. (AU:QOR) has released an update.
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Qoria Ltd. has reported a robust 21% increase in annual revenue, reaching $99.5 million, and a significant improvement in profitability with a 37% reduction in losses after tax, despite not declaring any dividends for the year. The company’s gains were driven by organic growth, expansion of existing and new products, and successful cost control measures, resulting in a consolidated debt position with long-term financing. The financial results are preliminary and subject to ongoing audit.
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