SinoCloud Trims Attributable Loss in Fiscal Q4 as Revenue Soars

MT Newswires

2024/12/09

SinoCloud's (SGX:LYY) loss attributable to owners of the company narrowed 75% in fiscal Q4 ended June 30 to HK$1.2 million from HK$5.0 million a year earlier, according to a filing with the Singapore Exchange on Friday.

Loss per share came in at HK$0.0059 compared with HK$0.0272 in the comparable period.

Revenue surged year on year to HK$5.2 million from HK$1.2 million in the year-ago period, due to an increase in customer demand from the private sector and renewal of contracts from the government sector.

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