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Tenet Fintech Faces Financial Challenges in Q3 2024

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Tenet Fintech Faces Financial Challenges in Q3 2024

Tenet Fintech Group Inc. (TSE:PKK) has released an update.

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Tenet Fintech Group Inc. reported a challenging third quarter in 2024, with a significant net loss of $24.69 million, largely influenced by a transition in their revenue model in China. Despite generating $205,582 in revenue, the company’s expenses soared due to a considerable credit loss provision, highlighting the financial hurdles currently faced.

For further insights into TSE:PKK stock, check out TipRanks’ Stock Analysis page.

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