Graphene Manufacturing Group Ltd (TSE:GMG) has released an update.
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Graphene Manufacturing Group Ltd. has bolstered its financial position with a significant R&D rebate from the Australian Government, boosting its cash balance to A$5.56 million. The company has also successfully reduced its operating costs by almost 45% through strategic restructuring. These moves enable GMG to focus on growing sales in its energy savings products and advancing its innovative graphene technologies.
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