Back 14 May 2025

AcroMeta Group Limited Navigates 1H 2025: Revenue Climbs, Yet Losses Continue, Cash Position Boosted by Disposals

Link: https://links.sgx.com/1.0.0/corporate-announcements/2RRXA6Z9QOEI59CE/03c99e2fb4fb3c1d0b99f10a843afa82068dd7235231209321f2504427dcc42f

Summary:

  • AcroMeta Group Limited reported a 30% increase in revenue, reaching S$2.183 million for the six months ended 31 March 2025.
  • The Group recorded a loss from continuing operations of S$1.422 million for the period.
  • There was also a loss from discontinued operations of S$425,000, a change compared to a profit from discontinued operations in the prior year period.
  • Overall, the Group's financial results showed a total comprehensive loss of S$1.847 million for the period, with basic and diluted losses per share of (0.51) cents.
  • Cash and cash equivalents increased significantly by 276% to S$3.3 million, largely due to proceeds received from disposals.