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ZECO sees green shoots

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ZECO Holdings (ZECO), a perennial loss-maker, says it has already begun to see improvements in its performance as a result of its recent restructuring from a rolling stock business to a property investment and development company.

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The company shifted its focus earlier this year, which shareholders approved in August. In a trading update for the fiscal quarter ended September 30, the company reported that inflation-adjusted revenue increased by 101 percent to $14,2 million compared to the same period last year.

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