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A Metaverse Company Reports Increased Losses and Revenue Decline for 2024

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A Metaverse Company Reports Increased Losses and Revenue Decline for 2024

A Metaverse Company ( (HK:1616) ) has provided an announcement.

A Metaverse Company reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 29.5% decrease in revenue to approximately RMB16.7 million and a gross loss of RMB22.5 million, which is an improvement from the previous year’s gross loss of RMB53.4 million. However, the loss attributable to equity shareholders increased to RMB38.6 million, up from RMB15.6 million in the previous year. The board has decided not to recommend any final dividend for the year.

More about A Metaverse Company

YTD Price Performance: 3.45%

Average Trading Volume: 23,010,711

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$64.55M

See more data about 1616 stock on TipRanks’ Stock Analysis page.

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