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Camsing Healthcare Faces Deepening Financial Struggles

Camsing Healthcare Faces Deepening Financial Struggles

Camsing Healthcare Limited (SG:BAC) has released an update.

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Camsing Healthcare Limited reported a significant downturn in its fiscal health, with a notable decrease in revenue to $4.85 million for the year ended January 31, 2024, marking a five-year low and consistent losses. The first quarter of the following year saw a further 26% revenue drop and a 56% increase in losses, pushing the company into a net liability position that deepened from $(8.46) million to $(9.13) million by April 30, 2024.

For further insights into SG:BAC stock, check out TipRanks’ Stock Analysis page.

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