Mighty Kingdom (ASX:MKL) said its review process has been completed resulting in a reduction of about AU$2.5 million in annual costs, according to a Monday Australian bourse filing.
The cost reduction was made via cuts in staff and non-essential spending, the filing added.
The company continues to fulfill its work-for-hire contracts as its revenue is helped by a profit-sharing partnership with East Side Games Group Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.