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14 May 2025
Katrina Group Ltd. Faces Headwinds in 1Q 2025: Revenue Falls Sharply, Net Loss Reported, Shareholder Support Secured
Summary:
- Katrina Group Ltd. reported a decrease in revenue by 21.4% to S$11.2 million for the first quarter ended 31 March 2025.
- The Group recorded a net loss after tax of S$1.0 million for the quarter.
- As at 31 March 2025, the Group's working capital position was negative at S$19.3 million.
- No dividend was declared or recommended for the quarter as the Group was loss-making.
- The controlling shareholder has provided an undertaking to financially support the Group as and when required for a period of 15 months.