IKE Group Limited (IKE) (NZX: IKE / ASX: IKE) has reported positive cash flow of $2.2m in Q2 FY23, and $1.1m positive cash flow in 1H FY23.
Revenue for 1H FY23 was ~$15.4m (+170% vs pcp), with gross margin of ~53%.
CEO Glenn Milnes commented that operating leverage is in place, and revenue outlook remains robust.
IKE has no debt, and cash and receivables as at 30 September 2022 grew to ~$29.3m.
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Michael Hill Jewellers’ performance has declined for 2023, following a tough year of retail pressures and crime for its New Zealand arm.The group reported a 4.2% increase in revenue, up to A$644 million (NZ$6397.2m), thanks to continued performance in Australia and Canada and the...
Herbert unimpressed by Vital's refusal for due diligence and failure to meet guidance.
The business is reportedly being hit hard by increasing air freight industry competition.
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