Reko International (TSE:REKO) has released an update.
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Reko International reports a net loss of $3.5M in the fourth quarter, with a decrease in quarterly sales by 17.9% attributed to challenges in the automotive industry. Despite the downturn, the company maintains a strong balance sheet with a $3.8M improvement in cash position compared to the previous quarter.
For further insights into TSE:REKO stock, check out TipRanks’ Stock Analysis page.