Mighty Kingdoms Strategic Restructure

Mighty Kingdom Limited (ASX: MKL) has completed its operational review, streamlining gaming operations and restructuring the organization to enhance profitability. This involved a 28% reduction in the workforce, targeting annual cost savings of AU$2.1 million. 

Despite the difficulty, MKL aims to retain key talent and achieve profitability by H1 FY25. CEO David Yin underscores the necessity of these changes for sustained growth. Established in 2010, MKL is a prominent Australian game developer known for titles such as Star Trek Lower Decks and LEGO Friends: Heartlake Rush. The restructure positions MKL to pursue current projects and seize new opportunities while ensuring long-term viability.

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