Articore delivers first positive EBIT in five years amid marketplace consolidation
MELBOURNE: Articore Group Ltd (ASX: ATG), operator of global online marketplaces Redbubble and TeePublic, posted its first positive fourth-quarter EBIT in five years, driven by aggressive cost-cutting and operational consolidation. The company reported a fourth-quarter gross profit margin of 49.7%, up 430 basis points year-on-year, and a 410 basis point improvement in GPAPA margin to…