SOLOWIN HOLDINGS Reports Stellar Mid-Year Growth

Solowin Holdings (SWIN) has released an update.

SOLOWIN HOLDINGS, a Chinese securities brokerage firm, has reported a significant year-over-year revenue increase of 126.4% to $2.64 million in the first half of fiscal year 2024, despite global economic challenges. The company’s net income also rose sharply to $1.25 million, reflecting a substantial improvement from the previous year’s net loss. This financial turnaround has been attributed to the growth in asset management and investment advisory services, alongside a successful IPO on Nasdaq.

For further insights into SWIN stock, check out TipRanks’ Stock Analysis page.