Jumia Technologies AG (JMIA) has released an update.
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Jumia Technologies AG reported a challenging third quarter in 2024 with a revenue decline of 13% year-over-year, though the company saw a 9% rise in constant currency terms. Despite a 17% reduction in loss before income tax, Jumia strengthened its liquidity position significantly, buoyed by strategic operational changes and a recent capital raise, positioning itself for future growth across promising markets.
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