Grandshores Technology Group Limited (HK:1647) has released an update.
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Grandshores Technology Group Limited reported a significant increase in revenue for the six months ending September 2024, reaching S$48.58 million compared to S$29.18 million in the previous period. Despite the revenue boost, the company incurred a loss of S$3.04 million, attributed to higher administrative expenses and other losses. This resulted in a total comprehensive loss of S$2.39 million, reflecting the challenges facing the company in the current market landscape.
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