Redbubble Ltd. (AU:ATG) has released an update.
Articore Group, previously known as Redbubble Limited, has announced an on-market share buy-back program to repurchase up to $5 million of its shares over the next 12 months. The decision reflects the company’s strong financial health, underscored by significant profitability improvements and a debt-free balance sheet as of March 31, 2024. The buy-back initiative, seen as an efficient capital management move, aligns with Articore’s confidence in ongoing profitable growth and commitment to delivering positive underlying cash flow for FY24.
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