Cape Range Ltd. ( (AU:CAG) ) has issued an announcement.
Cape Range Ltd reported a 26% increase in revenue for 2024, driven by its subsidiary Biztrak’s successful adaptation to Malaysia’s new e-invoicing regulations. Despite a net loss of $386,228, this marked a 32% improvement from the previous year. Biztrak’s focus on e-invoicing compliance, including software integration and client training, is expected to boost demand and performance in the coming quarters. The company is also exploring potential transactions to diversify and add value, although no agreements have been finalized yet.
More about Cape Range Ltd.
Cape Range Ltd operates through its controlled entity, Biztrak Business Solutions Sdn Bhd, a software development and distribution company based in Malaysia. Biztrak specializes in accounting and asset management software, serving clients across various Asian countries, with a focus on compliance with regional e-invoicing mandates.
YTD Price Performance: -13.64%
Average Trading Volume: 16,038
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$9.02M
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