- YPB Group (YPB) has reported a 52 per cent improvement in its net operating loss during H1 2020 compared to H1 2019
- YPB is an Australian-based product authentication and consumer engagement solutions provider
- The company reduced expenses significantly through cost-saving initiatives, temporary salary reductions and labor costs
- In fact, labor costs including employee and director fees led to YPB saving around $703,000
- YPB remains focused on expanding its presence in China with new channel partners as well as making progress with its unique authenticity solutions
- Company shares steady on the market and are trading for 0.5 cents
