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My Rewards International Faces Revenue Decline, Implements Cost-Cutting
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My Rewards International Faces Revenue Decline, Implements Cost-Cutting

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Invest with Confidence:

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

My Rewards International Limited reported a 77.2% decrease in revenue for the half-year ended December 31, 2023, resulting in a net loss of $2,205,605. The decline was attributed 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 12.6% through cost-cutting measures.

More about My Rewards International Limited

YTD Price Performance: 0%

Average Trading Volume: 20,000

Technical Sentiment Consensus Rating: Buy

Learn more about MRI stock on TipRanks’ Stock Analysis page.

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