Singapore
As a standalone company, Cialfo’s total loss for the year stood 37% lower at $10.39m.
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The company’s revenue soared 46% YoY to $54.7m.
The firm posted a net loss of S$16m in Q2 2024, up 2.7X YoY.
Surging operating expenses offset the higher revenues.
Greater China
The company expected core operating profit from continuing operations to fall 23%.
India
The IPO of FirstCry was oversubscribed 12 times earlier this month.
Revenue from core local commerce rose 18.5%.
For the first half as a whole, net profit jumped 24.4% to 13.6 billion yuan.
The company saw revenue rise 4.1% to 50.9 billion yuan for the quarter.
The company first announced its entry into the EV business in 2021.
