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Sept 12 (Reuters) - Yojee Ltd (YOJ) : YOJEE TO DISCONTINUE...

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    12/09/23
    18:55
    Post #: 69831315

    Sept 12 (Reuters) - Yojee Ltd (YOJ) :

    • 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
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