AM GROUP Reports Fiscal 2024 Results: Shareholder Loss Widens to S$29.999 Million

Stock News

04/30

AM GROUP (01849) announced its annual results for the period ended June 30, 2024. The company recorded revenue of S$36.063 million, a decrease of 25.18% compared to the previous year. The loss attributable to owners of the company was S$29.999 million, representing a significant expansion of 1735.92% year-on-year. The basic loss per share was 3.7 Singapore cents. The decline in total revenue was primarily attributed to the online platform management services segment, which saw a decrease in revenue of approximately S$11.7 million. The increase in the loss attributable to company owners for the 2024 fiscal year was due to losses arising from the deconsolidation of a subsidiary and the overall decrease in revenue.

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The company recorded revenue of S$36.063 million, a decrease of 25.18% compared to the previous year. The loss attributable to owners of the company was S$29.999 million, representing a significant expansion of 1735.92% year-on-year. The basic loss per share was 3.7 Singapore cents. The decline in total revenue was primarily attributed to the online platform management services segment, which saw a decrease in revenue of approximately S$11.7 million. 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