ReadCloud Ltd. (AU:RCL) has released an update.
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ReadCloud Ltd. has reported a robust 15% increase in revenue for FY24, driven by significant growth across its eBooks, VET-in-schools, and industry training sectors. The company achieved a positive shift in underlying earnings, marking a 146% improvement over the previous fiscal year, with disciplined cost management contributing to a reduction in operating expenses. With a solid cash position and a restructured workforce, ReadCloud is poised for continued growth and profitability in FY25.
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