SOL Global Marks Significant Financial Improvement

SOL Global Investments Corp (TSE:SOL) has released an update.

SOL Global Investments Corp. significantly reduced its net loss to $34 million in fiscal 2023 from $297 million in the previous year, marking a substantial improvement in financial performance. The company also reported a decrease in unrealized losses from investments and has been actively restructuring to enhance efficiency and support its investee companies. Notably, portfolio highlights include Damon Motors’ strategic move towards a Nasdaq listing and Kiwibot’s expansion in robotic delivery services with significant deals.

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