TROOPS, Inc. Sees Revenue Growth but Faces Loss

TROOPS, Inc. (TROO) has released an update.

TROOPS, Inc., a Hong Kong-based conglomerate, reported a 42.6% increase in revenue for the first half of 2024, reaching $2.61 million, driven primarily by growth in money lending and insurance consultancy services. Despite the revenue rise, the company faced a net loss of $1.36 million, up from $1.04 million the previous year, attributed to higher general and administrative expenses. The company continues to expand its diverse business operations, including recent acquisitions in its financial and advisory services sectors.

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