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Askul under pressure to prove earnings recovery post ransomware

Jefferies analyst Hiroko Sato says Askul must deliver tangible earnings growth to validate its recovery story after a ransomware incident in October last year. The company posted a 1Q net loss on Tuesday.

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Jefferies analyst Hiroko Sato says Askul needs to show tangible earnings growth to support its recovery narrative after the ransomware incident in October last year. The company reported a 1Q net loss on Tuesday. As part of its margin improvement efforts, Askul opened a logistics cent...