Byt Holdings Ltd. (TSE:BYT) has released an update.
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BYT Holdings Ltd. reported a decline in annual revenue by 10.7% for 2023, citing a decrease in service and maintenance revenue, which was partially offset by a rise in installation projects revenue. The company experienced a drop in overall gross margins, although it successfully improved installation project margins through cost reductions. Despite these challenges, BYT managed to reduce its net loss per share year-over-year.
For further insights into TSE:BYT stock, check out TipRanks’ Stock Analysis page.