Brief: Booktopia Says It Implemented Initiatives To Get A$12 Mln To A$15 Mln In Annualised Earnings Improvements

Booktopia

23/01/2023 01:13

Jan 23 (Reuters) - Booktopia Group Ltd  BKG.AX :
    * IMPLEMENTED INITIATIVES EXPECTED TO DELIVER ABOUT A$12 -
A$15
MILLION OF ANNUALISED IMPROVEMENTS TO EARNINGS
    * IMPROVEMENTS TO ITS EARNINGS TO BE PRIMARILY REALISED IN
FY24
AND BEYOND
    * UNDERTAKES ORGANISATIONAL RESTRUCTURE TO REDUCE COSTS AND
INVOLVES 30 TO 40 REDUNDANCIES RESULTING IN A$4-5MLN IN
ANNUALISED COST SAVINGS

Source text for Eikon:  ID:nASX91vJYk 
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 ((Reuters.Briefs@thomsonreuters.com;))