Shanghai Turbo Enterprises' Loss Balloons 60% in 2024

MT Newswires

02/21

Shanghai Turbo Enterprises' (SGX:AWM) attributable loss widened by 60% in 2024 to 4.9 million yuan from 3.1 million yuan a year earlier, a filing with the Singapore Exchange said on Thursday.

Loss per share ballooned to 0.20213 yuan compared with 0.12595 yuan in the comparable period.

Revenue was up 4% year over year to 84.1 million yuan from 81.0 million yuan, mainly due to fulfilled orders during the fourth quarter of the year.

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