AM GROUP (01849) announced a net loss of 29.99 million Singapore dollars attributable to shareholders in the 2024 fiscal year, a 1735.92% increase year-on-year.

AM GROUP (01849) announced its financial results for the year ending June 30, 2024, with a revenue of 36.063 million Singapore dollars, a decrease of 25.18% compared to the previous year. The company's net loss attributable to owners amounted to 29.999 million Singapore dollars, an increase of 1735.92% year on year. The basic loss per share was 3.7 Singapore cents. The decrease in total revenue was mainly due to a decrease in revenue from the online platform management services division, which decreased by approximately 11.7 million Singapore dollars. The increase in the company's net loss attributable to owners for the 2024 fiscal year was due to losses generated from the termination of the comprehensive booking by subsidiary companies and a decrease in revenue.