Cape Range Ltd. (AU:CAG) has released an update.
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Cape Range Ltd reports a significant 50% revenue increase for its subsidiary, Biztrak Business Solutions, during the June 2024 quarter, driven by demand for its accounting software training and e-invoicing services in Malaysia. The company has significantly reduced its net cash outflow by 62% from the previous year, thanks to higher revenues and stringent control over costs. Preparations for Malaysia’s upcoming e-invoicing mandate are underway, with Biztrak upgrading its software and conducting customer training programs to ensure compliance.
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