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Ascent Bridge Limited ( (SG:AWG) ) has provided an announcement.
Ascent Bridge Limited reported a significant revenue decline of nearly 45% for the financial year ending March 31, 2025, primarily due to reduced demand in the duty-paid segment in regions such as Hong Kong, Macau, Cambodia, Korea, and Vietnam. Despite the revenue drop, the company reduced its net loss from the previous year, indicating some improvement in financial management or operational efficiency.
More about Ascent Bridge Limited
Ascent Bridge Limited, incorporated in Singapore, operates in the alcoholic beverage industry, focusing on the premium Baijiu market. The company has expanded its product line to include three core SKUs and has extended its duty-free presence to 17 countries, with a duty-paid network spanning 25 cities across 14 countries.
Average Trading Volume: 677,270
Technical Sentiment Signal: Sell
Current Market Cap: S$31.35M
For an in-depth examination of AWG stock, go to TipRanks’ Overview page.