Lumine Group Inc (TSE:LMN) has released an update.
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Lumine Group Inc. reported a significant 110% increase in quarterly revenue to $143.1 million and a 294% rise in operating income to $41.6 million. Despite these gains, the company faced a substantial net loss of $1.506 billion due to expenses related to the fair value of redeemable securities. Year-to-date figures also showed strong performance with a 95% revenue increase to $499.7 million, and operating income more than doubling to $144.7 million.
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