Reko International (TSE:REKO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Reko International Group Inc. reported a decrease in sales to $9.6M in the third quarter of fiscal 2024, which is 6.8% lower than the previous year, alongside a net loss of $0.8M and a negative earnings per share of ($0.15). Despite these challenges, attributed to the tough automotive market and underutilized capacity, the company maintains a strong balance sheet, with a cash position improved by $2.1M from the prior quarter.
For further insights into TSE:REKO stock, check out TipRanks’ Stock Analysis page.
