Sabien Technology (GB:SNT) has released an update.
Sabien Technology Group PLC has reported a year of strategic expansion and cost reduction, with success in growing their M2G orders by 54% excluding a large government order delayed to the next year. They have streamlined operations, cutting M2G headcount expenses by 24% and significantly reducing IOT and infrastructure costs, setting the stage for future financial improvements. Additionally, the company has secured an extended Sales Agency Agreement with COF, boosting its Green Aggregation business, and anticipates the completion of COF’s first production plant in Korea later in the year.
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