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SOS experiences decline in revenue

Listed company Stationery and Office Supplies (SOS), says it experienced a decline in revenue in March due to the COVID-19 pandemic.

However, the company sustained its gross profit percentage.

SOS says it was still able to record a 65 per cent increase in cash, largely due to 2019 profits.

This increase allows SOS to have the cash reserves to remain operational in the short to medium term, depending on the impact of COVID-19.



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