Serial System Ltd (SG:S69) has released an update.
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Serial Achieva Limited, post its RTO, reported a 19% increase in revenue for FY2023, driven by a surge in laptop distribution. Despite a general downturn in other IT products like LCD monitors and VGA cards due to weak demand and overstocking, the company managed to cut its net loss by 51%. The overall gross profit margin saw a slight dip amid challenging market conditions and competitive pressures.
For further insights into SG:S69 stock, check out TipRanks’ Stock Analysis page.
