Yowie Group Ltd. (AU:YOW) has released an update.
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Yowie Group Ltd. reported a significant increase in Q3 net sales, with a 42% rise to $5.13 million, largely attributed to strong Easter season sales in Australia, which surged by 258%. Despite a decrease in North American revenues by 11%, the company is focusing on growth through a new licensing partnership with the NBA. Yowie is also improving manufacturing capabilities at their Ernest Hillier facility, which contributed to a quarterly EBITDA loss of $707k.
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