TTA Holdings Limited (AU:TTA) has released an update.
TTA Holdings Limited reported a negative cash flow of $80k for the quarter ending March 2024, marking a 30% decrease in gross sales revenue compared to the previous quarter. Despite efforts to monitor costs, which showed a slight positive variation, sales revenue dropped to $226.9k. Additionally, the company’s subsidiary, TEAC Australia, is set to cease its e-commerce activities, with a resolution to wind up the company passed at a recent general meeting.
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