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An announcement from Mobilityone ( (GB:MBO) ) is now available.
MobilityOne Limited has reported a decline in revenue to £230.2 million for FY 2024, primarily due to reduced demand in its core Malaysian market. The company also experienced an increased loss after tax of £3.45 million, attributed to lower sales and higher expenses. Despite the challenging business environment, MobilityOne is implementing initiatives to improve its performance and is involved in significant transactions, including the disposal of a subsidiary and a joint venture, which could impact its future financial position. The completion of these transactions is contingent on a merger exercise, which remains uncertain.
More about Mobilityone
MobilityOne Limited operates in the e-commerce infrastructure sector, providing payment solutions and platforms. The company focuses on the Malaysian market, particularly in mobile phone prepaid airtime reloads and bill payment services through various banking channels and e-wallet applications.
Average Trading Volume: 64,068
Technical Sentiment Signal: Sell
Current Market Cap: £1.65M
See more insights into MBO stock on TipRanks’ Stock Analysis page.