Ascent Bridge Expects Loss for H1 FY25 Due to Declining Sales

MT Newswires

2024/11/07

Ascent Bridge (SGX:AWG) anticipates reporting a loss for the six months ended Sept. 30, due to lower sales in duty-paid markets like Hong Kong and Macau, according to a Wednesday filing on the Singapore Exchange.

Revenue was mainly generated from duty-free channels, but cash and manpower constraints limited marketing efforts, affecting sales performance.

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