Brief: Coala Life Reduces Total Costs With About 30%
11/09/2023 07:05
Sept 11 (Reuters) - Coala-Life Group AB (publ) COALA.ST :
* REDUCES THE COMPANY'S TOTAL COSTS WITH AROUND 30%
* FULLY IMPLEMENTED IN JANUARY 2024, COALA LIFE'S TOTAL OPERATING COSTS WILL BE REDUCED BY
APPROXIMATELY 30 PERCENT.
* FACTORING AGREEMENT THAT COMPANY ENTERED IN JUNE 2023 HAS NOT YET HAD FULL EFFECT
* GREATEST EFFECT WILL BE ACHIEVED IN US OPERATIONS, WHERE FIXED SELLING COSTS ARE HALVED
Source text for Eikon: ID:nMFN2rL8Tl
Further company coverage: COALA.ST
(Gdansk Newsroom)
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