Tenet Fintech Group Inc. (TSE:PKK) has released an update.
Tenet Fintech Group Inc. reported a significant decrease in annual revenue to $42.08 million for 2023, down from $109.88 million the previous year, alongside a net loss of $78.33 million, primarily due to non-cash impairment charges. The company experienced negative cash flow from operations but suggests potential future reversals of some impairment charges as their platforms in China and Canada are expected to generate substantial revenue.
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