Brief: ojee To Discontinue SendSingapore Logistics Business

Yojee

12/09/2023 09:50

Sept 12 (Reuters) - Yojee Ltd  YOJ.AX :
    * YOJEE TO DISCONTINUE SENDSINGAPORE LOGISTICS BUSINESS
    * CORE FOCUS OF SOFTWARE REVENUE FROM ITS PLATFORM WILL
REMAIN
UNAFFECTED
    * TOP LINE NETWORK REVENUE WILL FALL MATERIALLY IN FY2024 AS
A
RESULT OF DISCONTINUING SENDSINGAPORE
    * OVER COURSE OF FY2023 AND INTO FY2024 OPERATING
ENVIRONMENT FOR
SENDSINGAPORE SEEN SIGNIFICANT PRESSURE ON PRICING
    * DECISION TO DISCONTINUE SENDSINGAPORE WILL REDUCE OVERALL
LOSSES
IN FY2024

Source text for Eikon:  ID:nASX42g5wb 
Further company coverage:  YOJ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))