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An announcement from Serial System Ltd ( (SG:S69) ) is now available.
Serial Achieva Limited announced it expects to report a net loss for the financial year ending December 31, 2024, citing a one-off accounting loss from a reverse acquisition and related costs, reduced gross profit margins, foreign exchange losses, and inventory obsolescence. The challenging business environment, marked by weak consumer demand and overstocking in the supply chain, contributed to these financial outcomes, prompting the company to advise caution in trading its shares.
More about Serial System Ltd
Serial Achieva Limited operates in the business sector with its subsidiaries, focusing on providing products and services within its industry, although specific market focus details are not provided.
YTD Price Performance: -8.00%
Average Trading Volume: 301,493
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$41.21M
See more insights into S69 stock on TipRanks’ Stock Analysis page.