Mm2 Asia's Loss Widens More Than Elevenfold in Fiscal H2; Shares Plunge 20%

MT Newswires
Aug 29

Mm2 Asia's (SGX:1B0) attributable loss widened by more than 1000% to SG$101.3 million during the fiscal second half of the year ended June 30, from SG$8.7 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Shares of the company plunged over 20% in Friday trading.

Loss per share from continuing operations stood at SG$0.0178 compared with SG$0.0018 in the comparable period.

Revenue from continuing operations jumped 21% year over year to SG$79.7 million from SG$65.9 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10