Accrelist Ltd. (SG:QZG) has released an update.
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Accrelist Ltd. faces a revenue drop from $14.1 million to $13.3 million despite acquiring four new clinics, attributed to declining consumer spending and increasing outbound travel in FY2024, amidst economic pressures like inflation and GST rate hikes. The company has also experienced a significant gross profit margin decrease from 44% to 32% due to challenges integrating the new clinics, with plans to adjust their network to maintain competitiveness and foster sustainable growth.
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