Jayride Reports Revenue Rise Amidst Growing Losses

Jayride Group Ltd. (AU:JAY) has released an update.

Jayride Group Limited saw a modest revenue increase of 4.9% to $5.446 million in FY24, yet reported an increase in its net loss by 1.2% to $8.257 million, highlighting a challenging year without the payment of dividends. The company’s net tangible assets per share also dropped significantly, indicating a decrease in underlying asset value.

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