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My Rewards International Faces Revenue Decline Amidst Market Challenges

Story Highlights
  • My Rewards International saw a 72.4% revenue drop due to supplier changes and client loss.
  • Cost-cutting efforts reduced the company’s net loss by 69.8% despite revenue challenges.
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My Rewards International Faces Revenue Decline Amidst Market Challenges

My Rewards International Limited ( (AU:MRI) ) has shared an update.

My Rewards International Limited reported a significant decline in revenue by 72.4% for the year ending June 30, 2024, due to changes in offerings by key suppliers and the loss of two major clients. Despite the revenue drop, the company managed to reduce its net loss by 69.8% through cost-cutting measures, indicating efforts to stabilize its financial position amidst challenging market conditions.

More about My Rewards International Limited

My Rewards International Limited operates in the rewards and loyalty industry, offering services that focus on enhancing customer engagement and retention through reward programs.

Average Trading Volume: 20,000

Technical Sentiment Consensus Rating: Buy

For detailed information about MRI stock, go to TipRanks’ Stock Analysis page.

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