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The latest announcement is out from Mobilityone ( (GB:MBO) ).
MobilityOne Limited has announced its audited results for the year ending 31 December 2024, revealing a 4.74% decline in revenue to £230.23 million and a loss after tax of £3.45 million. The company attributes these results to softer demand in its main market of Malaysia, increased administrative and marketing expenses, and losses from its associated company. Despite these challenges, MobilityOne is expanding its international remittance services and entering the health technology sector, while also initiating a joint venture to enhance its e-products and services business. The lifting of the suspension of trading on AIM and regulatory approval for operations in Brunei are expected to positively impact the company’s future operations.
More about Mobilityone
MobilityOne Limited operates in the e-commerce infrastructure payment solutions industry, providing services such as electronic payment and e-money services, international remittance, and mobile phone prepaid airtime reloads. The company primarily focuses on the Malaysian market but has recently expanded operations to Brunei and is exploring opportunities in the health technology sector through its subsidiary and associated company.
Average Trading Volume: 84,198
Technical Sentiment Signal: Sell
Current Market Cap: £1.49M
See more insights into MBO stock on TipRanks’ Stock Analysis page.