Telecom Service One: Revenue Up, Profits Down

Telecom Service One Holdings Ltd. (HK:3997) has released an update.

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.

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