Reko International Faces Q3 Fiscal Challenges

Reko International (TSE:REKO) has released an update.

Reko International Group Inc. reported a decrease in sales to $9.6M in the third quarter of fiscal 2024, which is 6.8% lower than the previous year, alongside a net loss of $0.8M and a negative earnings per share of ($0.15). Despite these challenges, attributed to the tough automotive market and underutilized capacity, the company maintains a strong balance sheet, with a cash position improved by $2.1M from the prior quarter.

For further insights into TSE:REKO stock, check out TipRanks’ Stock Analysis page.