3 E Network Technology Group Ltd. Reports $3.13 Million Revenue for First Half of Fiscal Year 2025

Reuters
Oct 07
3 E Network Technology Group Ltd. Reports $3.13 Million Revenue for First Half of Fiscal Year 2025

3 E Network Technology Group Limited reported total revenues of $3.13 million for the first half of fiscal year 2025, an increase of 5.3% from $2.97 million for the same period in fiscal year 2024. Revenue from software development services was $3.13 million, compared to $2.97 million in the first half of fiscal year 2024. Revenue from exhibition and conference services and other segments was nil for the first half of fiscal year 2025, down from $210 and $230, respectively, in the first half of fiscal year 2024. Cost of revenue was $1.53 million for the first half of fiscal year 2025, a decrease of 19.2% from $1.89 million in the same period of fiscal year 2024. Gross profit was $1.59 million, up 49.3% from $1.07 million in the first half of fiscal year 2024. Gross margin was 50.9% for the first half of fiscal year 2025, compared to 35.9% for the first half of fiscal year 2024. Total shareholders' equity as of December 31, 2024, was $3.79 million, up from $2.74 million as of December 31, 2023. Total liabilities and shareholders' equity as of December 31, 2024, stood at $5.37 million, compared to $3.86 million as of December 31, 2023. Retained earnings were $3.88 million as of December 31, 2024, up from $2.84 million as of December 31, 2023. Accumulated other comprehensive loss was $(179,915) as of December 31, 2024, compared to $(167,671) as of December 31, 2023.

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