Telecom Service One Holdings Ltd. (HK:3997) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Telecom Service One Holdings Limited reported a year-over-year increase in revenue from HK$51,381,000 to HK$54,387,000 for the fiscal year ending March 31, 2024, but faced a greater net loss, which grew from HK$7,115,000 in 2023 to HK$9,174,000 in 2024. The company’s balance sheet shows a decline in total equity from HK$80,033,000 to HK$70,734,000, indicating financial challenges despite the revenue growth. This mixed financial performance reflects the company’s struggles with higher costs and losses in fair value on financial assets.
For further insights into HK:3997 stock, check out TipRanks’ Stock Analysis page.