Advantex Marketing International (TSE:ADX) has released an update.
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Advantex Marketing International reported a robust increase in key financial metrics for the second quarter of fiscal 2024, including a 105.1% rise in Merchant Cash Advance program revenues and a significant turnaround in earnings from operations. Despite carrying a higher debt load and facing increased interest costs, the company managed to reduce its loss from operations before non-cash expenses compared to the previous year. The improvements suggest a successful post-pandemic business rebuild and a strategy geared towards leveraging a strengthening economy.
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