CommsChoice Group: Provides 2020 financial year update

  • CommsChoice Group (CCG) has updated its guidance for the 2020 financial year, estimating revenues of $19 million
  • The company’s balance sheet is strong, with approximately $2.4 million in cash on hand as of June 30, 2020
  • CommsChoice’s staff in Australia and the Philippines are successfully operating the company as they work from home
  • Then the majority of the company’s staff in Australia and the Philippines are working from home, for their safety
  • The company’s business trading remains healthy in spite of the ongoing impacts of the COVID-19 pandemic
  • Today, CommsChoice Group shares are in the grey, trading for an even 10 cents each
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

UK Banks Strengthen Cybersecurity with Anthropics Mythos Model

New collaboration enhances banks' defense against cyber threats.Highlights: UK banks to access Anthropics Mythos model in the upcoming...

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...

ABN AMRO Expands Access to Crypto Investments

The bank now offers clients direct access to cryptocurrency.Highlights: ABN AMRO now allows clients to invest in cryptocurrency...

UniCredit Strengthens Investment in Blockinvest with $4 Million Funding

The Italian bank targets innovation in blockchain technology through this investment.Highlights: UniCredit invests $4 million in Blockinvest to...