Lumine Group Inc (TSE:LMN) has released an update.
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Lumine Group Inc. reported a significant revenue increase of 48% to $141.1 million and a substantial rise in operating income to $44.5 million, marking a 105% jump compared to the previous year’s same quarter. Despite these gains, the company faced a net loss of $304.3 million, mainly due to expenses related to redeemable preferred and special share expenses. However, cash flows from operations and free cash flow to shareholders showed impressive growth, up by 134% and 146%, respectively.
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