Less than 1 min.Read

YPB Group: Improves net operating loss by 52pc in H1 2020

August 31, 2020

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